Diageo PLC (DEO) Earns Outperform Rating from Credit Agricole SA
Diageo PLC (NYSE:DEO)‘s stock had its “outperform” rating reissued by Credit Agricole SA in a research report issued to clients and investors on Wednesday.
A number of other analysts have also weighed in on the stock. Liberum Capital initiated coverage on shares of Diageo PLC in a research report on Monday, October 3rd. They issued a “hold” rating on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. upgraded shares of Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. HSBC reaffirmed a “hold” rating on shares of Diageo PLC in a research note on Thursday, June 30th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a research note on Sunday, July 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $135.78.
Diageo PLC (NYSE:DEO) opened at 112.66 on Wednesday. Diageo PLC has a one year low of $99.59 and a one year high of $117.95. The stock has a 50 day moving average of $114.41 and a 200 day moving average of $111.14. The firm has a market cap of $70.70 billion, a price-to-earnings ratio of 24.53 and a beta of 0.78.
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The business also recently declared a dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th will be issued a $0.192 dividend. The ex-dividend date of this dividend is Wednesday, August 10th.
A number of large investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its stake in Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock worth $119,000 after buying an additional 12 shares during the last quarter. Buckingham Asset Management LLC boosted its stake in Diageo PLC by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 2,776 shares of the company’s stock worth $313,000 after buying an additional 15 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Diageo PLC by 0.8% in the second quarter. Cullen Frost Bankers Inc. now owns 2,453 shares of the company’s stock worth $277,000 after buying an additional 19 shares during the last quarter. Citizens Financial Group Inc RI boosted its stake in Diageo PLC by 3.0% in the second quarter. Citizens Financial Group Inc RI now owns 900 shares of the company’s stock worth $101,000 after buying an additional 26 shares during the last quarter. Finally, Integrated Wealth Management boosted its stake in Diageo PLC by 2.4% in the second quarter. Integrated Wealth Management now owns 1,158 shares of the company’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 10.97% of the company’s stock.
Diageo PLC Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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