Partners Capital Investment Group LLP Buys Shares of 159,967 Diageo plc $DEO

Key Points

• Partners Capital Investment Group LLP has acquired 159,967 shares of Diageo plc, valued at approximately $4.16 million.
• Diageo recently announced a semi-annual dividend of $2.5192 per share, significantly increasing its yield from the previous dividend of $1.62.
• While four analysts rated Diageo as a Buy, Morgan Stanley maintains an "underweight" rating, highlighting a mix of sentiment among investment analysts.

Partners Capital Investment Group LLP purchased a new stake in shares of Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 159,967 shares of the company's stock, valued at approximately $4,161,000.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in Diageo in the 4th quarter valued at approximately $25,000. Perkins Coie Trust Co acquired a new stake in Diageo in the first quarter valued at $27,000. Barrett & Company Inc. acquired a new stake in Diageo in the first quarter valued at $27,000. Abound Financial LLC purchased a new position in shares of Diageo in the first quarter valued at $27,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Diageo during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $129.00.

Diageo Stock Performance

Shares of DEO opened at $115.3760 on Thursday. Diageo plc has a 1 year low of $96.45 and a 1 year high of $142.73. The company's 50 day simple moving average is $104.64 and its 200 day simple moving average is $107.83. The company has a market capitalization of $64.19 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 4.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.67 and a current ratio of 1.63.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be issued a dividend of $2.5192 per share. This represents a dividend yield of 370.0%. This is a positive change from Diageo's previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. Diageo's payout ratio is 46.42%.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.

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