Quantbot Technologies LP Makes New Investment in Diageo plc $DEO

Key Points

• Quantbot Technologies LP has made a new investment in Diageo plc, acquiring 3,248 shares valued at approximately $340,000.
• Diageo announced an increase in its semi-annual dividend to $2.5192 per share, up from the previous $1.62, with a payout date set for December 4th.
• Despite a recent analyst upgrade by Goldman Sachs, Diageo's stock is currently facing a 2.1% decline and has an average rating of "Hold" from analysts.

Quantbot Technologies LP bought a new stake in Diageo plc (NYSE:DEO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,248 shares of the company's stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DEO. Brooklyn Investment Group boosted its position in Diageo by 91.4% during the first quarter. Brooklyn Investment Group now owns 735 shares of the company's stock valued at $77,000 after purchasing an additional 351 shares during the last quarter. Summit Securities Group LLC acquired a new position in Diageo during the first quarter worth approximately $173,000. Northwest & Ethical Investments L.P. increased its position in Diageo by 14.9% during the first quarter. Northwest & Ethical Investments L.P. now owns 4,002 shares of the company's stock worth $419,000 after buying an additional 518 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Diageo by 5.4% during the first quarter. Steward Partners Investment Advisory LLC now owns 31,674 shares of the company's stock worth $3,319,000 after buying an additional 1,615 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Diageo by 9.8% during the first quarter. Raymond James Financial Inc. now owns 1,069,567 shares of the company's stock worth $112,080,000 after buying an additional 95,037 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Performance

DEO stock traded down $0.43 during mid-day trading on Monday, hitting $111.74. 937,904 shares of the company were exchanged, compared to its average volume of 1,355,816. The business has a 50 day simple moving average of $106.25 and a 200-day simple moving average of $107.91. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $62.16 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 3.99 and a beta of 0.59. Diageo plc has a 1-year low of $96.45 and a 1-year high of $142.73.

Diageo Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be given a dividend of $2.5192 per share. This represents a yield of 370.0%. This is a boost from Diageo's previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. Diageo's dividend payout ratio (DPR) is 46.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DEO shares. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday, August 7th. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Company Profile

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.