Diageo PLC’s (DEO) “Buy” Rating Reaffirmed at Jefferies Group
Diageo PLC (NYSE:DEO)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a report released on Tuesday.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Diageo PLC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. raised Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. Credit Agricole SA reaffirmed an “outperform” rating on shares of Diageo PLC in a research report on Wednesday, October 5th. Finally, HSBC reaffirmed a “hold” rating on shares of Diageo PLC in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Diageo PLC presently has an average rating of “Hold” and a consensus target price of $135.78.
Diageo PLC (NYSE:DEO) opened at 107.73 on Tuesday. The company’s 50 day moving average price is $113.51 and its 200 day moving average price is $111.28. Diageo PLC has a 12 month low of $99.59 and a 12 month high of $117.95. The stock has a market cap of $67.61 billion, a PE ratio of 23.77 and a beta of 0.78.
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The business also recently disclosed a dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, August 12th were given a dividend of $0.192 per share. The ex-dividend date of this dividend was Wednesday, August 10th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC raised its position in Diageo PLC by 1.0% in the third quarter. Northwest Investment Counselors LLC now owns 12,894 shares of the company’s stock worth $1,496,000 after buying an additional 126 shares during the period. BTIM Corp. increased its stake in shares of Diageo PLC by 41.7% in the third quarter. BTIM Corp. now owns 87,240 shares of the company’s stock valued at $10,123,000 after buying an additional 25,655 shares in the last quarter. Jolley Asset Management LLC increased its stake in shares of Diageo PLC by 3.2% in the third quarter. Jolley Asset Management LLC now owns 1,277 shares of the company’s stock valued at $148,000 after buying an additional 40 shares in the last quarter. Advisor Consultant Network Inc. acquired a new stake in shares of Diageo PLC during the third quarter valued at approximately $7,142,000. Finally, Callahan Advisors LLC increased its stake in shares of Diageo PLC by 1.5% in the third quarter. Callahan Advisors LLC now owns 29,451 shares of the company’s stock valued at $3,417,000 after buying an additional 435 shares in the last quarter. 10.97% of the stock is owned by institutional investors.
About Diageo PLC
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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