Jefferies Group Reaffirms “Buy” Rating for Diageo PLC (DEO)
Diageo PLC (NYSE:DEO)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a note issued to investors on Tuesday.
A number of other research analysts have also weighed in on the company. Credit Agricole SA initiated coverage on Diageo PLC in a report on Thursday, October 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Liberum Capital initiated coverage on Diageo PLC in a 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 report on Wednesday, September 7th. Goldman Sachs Group Inc. upgraded Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $135.78.
Diageo PLC (NYSE:DEO) opened at 107.73 on Tuesday. The company has a market capitalization of $67.61 billion, a PE ratio of 23.77 and a beta of 0.78. Diageo PLC has a 12-month low of $99.59 and a 12-month high of $117.95. The stock has a 50 day moving average of $113.51 and a 200-day moving average of $111.28.
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The company also recently disclosed a dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th were issued a $0.192 dividend. The ex-dividend date was Wednesday, August 10th.
Several institutional investors have recently added to or reduced their stakes in DEO. Wellington Management Group LLP increased its position in Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock worth $479,163,000 after buying an additional 653,461 shares during the period. Aristotle Capital Management LLC increased its position in Diageo PLC by 3.0% in the second quarter. Aristotle Capital Management LLC now owns 1,523,713 shares of the company’s stock worth $171,997,000 after buying an additional 44,006 shares during the period. Thomaspartners Inc. increased its position in Diageo PLC by 8.7% in the second quarter. Thomaspartners Inc. now owns 1,405,912 shares of the company’s stock worth $158,699,000 after buying an additional 112,510 shares during the period. Markel Corp increased its position in Diageo PLC by 1.2% in the second quarter. Markel Corp now owns 1,302,300 shares of the company’s stock worth $147,004,000 after buying an additional 15,600 shares during the period. Finally, HS Management Partners LLC increased its position in Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock worth $139,686,000 after buying an additional 207,200 shares during the period. Institutional investors own 10.97% of the company’s stock.
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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