Cambiar Investors LLC Has $63.19 Million Position in Diageo plc (NYSE:DEO)

Cambiar Investors LLC grew its stake in Diageo plc (NYSE:DEO - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 497,022 shares of the company's stock after purchasing an additional 31,613 shares during the period. Diageo comprises approximately 2.5% of Cambiar Investors LLC's investment portfolio, making the stock its 3rd largest position. Cambiar Investors LLC owned 0.09% of Diageo worth $63,186,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Diageo in the 3rd quarter valued at approximately $25,000. Eastern Bank boosted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter valued at approximately $35,000. Concord Wealth Partners acquired a new stake in shares of Diageo in the 3rd quarter valued at approximately $38,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter valued at approximately $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 1.8 %

NYSE:DEO traded down $1.93 during mid-day trading on Friday, hitting $107.45. 864,158 shares of the company's stock were exchanged, compared to its average volume of 1,119,835. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71. The company has a 50 day simple moving average of $121.39 and a 200-day simple moving average of $126.16.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%.

Analyst Ratings Changes

DEO has been the topic of several recent research reports. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $129.00.

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.