Campbell Capital Management Inc. Has $4.25 Million Holdings in Diageo plc (NYSE:DEO)


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Campbell Capital Management Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 25,848 shares of the company’s stock after selling 328 shares during the quarter. Diageo makes up 2.0% of Campbell Capital Management Inc.’s holdings, making the stock its 22nd largest holding. Campbell Capital Management Inc.’s holdings in Diageo were worth $4,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DEO. FMR LLC raised its holdings in shares of Diageo by 586.2% during the first quarter. FMR LLC now owns 309,135 shares of the company’s stock valued at $50,578,000 after acquiring an additional 264,083 shares during the period. Clearbridge Investments LLC grew its position in Diageo by 26.4% during the fourth quarter. Clearbridge Investments LLC now owns 1,237,973 shares of the company’s stock valued at $196,602,000 after purchasing an additional 258,833 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Diageo during the fourth quarter valued at approximately $21,231,000. Public Employees Retirement Association of Colorado grew its position in Diageo by 22.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 593,851 shares of the company’s stock valued at $94,309,000 after purchasing an additional 108,832 shares in the last quarter. Finally, BlackRock Inc. grew its position in Diageo by 36.3% during the third quarter. BlackRock Inc. now owns 344,046 shares of the company’s stock valued at $47,361,000 after purchasing an additional 91,597 shares in the last quarter. Institutional investors and hedge funds own 10.05% of the company’s stock.

Shares of Diageo stock traded up $5.02 on Thursday, reaching $174.68. The stock had a trading volume of 14,104 shares, compared to its average volume of 442,954. The business’s 50-day moving average price is $165.70 and its two-hundred day moving average price is $155.22. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 1.77. Diageo plc has a fifty-two week low of $124.74 and a fifty-two week high of $171.49. The stock has a market cap of $102.18 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 3.47 and a beta of 0.66.

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 13th. Stockholders of record on Friday, February 26th will be paid a $1.5348 dividend. This represents a dividend yield of 2.1%. This is a boost from Diageo’s previous semi-annual dividend of $1.36. The ex-dividend date is Thursday, February 25th. Diageo’s payout ratio is presently 55.45%.

A number of brokerages recently commented on DEO. Credit Suisse Group reaffirmed an “outperform” rating on shares of Diageo in a research report on Friday, January 29th. Barclays reaffirmed an “overweight” rating on shares of Diageo in a research report on Friday, January 29th. Berenberg Bank reissued a “hold” rating on shares of Diageo in a research report on Monday, February 1st. Morgan Stanley started coverage on shares of Diageo in a research report on Tuesday, February 2nd. They issued an “overweight” rating for the company. Finally, Zacks Investment Research downgraded shares of Diageo from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research report on Tuesday, March 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Diageo has an average rating of “Hold” and an average target price of $154.33.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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