Diageo PLC (NYSE:DEO) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other research firms also recently commented on DEO. BidaskClub downgraded Diageo PLC from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and upped their target price for the company from $142.36 to $153.00 in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $154.20 target price (up previously from $142.25) on shares of Diageo PLC in a research report on Friday, September 1st. Zacks Investment Research raised Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research report on Tuesday, August 22nd. Finally, Citigroup Inc. downgraded Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $146.55.

Shares of Diageo PLC (NYSE:DEO) traded down 0.9610% during mid-day trading on Wednesday, hitting $136.0301. The company’s stock had a trading volume of 159,349 shares. The company has a 50-day moving average of $131.25 and a 200 day moving average of $121.40. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $137.34. The company has a market cap of $85.48 billion, a price-to-earnings ratio of 24.9322 and a beta of 0.75.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. bought a new stake in Diageo PLC during the second quarter worth $271,000. M Holdings Securities Inc. lifted its stake in Diageo PLC by 33.3% during the second quarter. M Holdings Securities Inc. now owns 3,107 shares of the company’s stock worth $372,000 after purchasing an additional 777 shares during the last quarter. Cetera Investment Advisers bought a new stake in Diageo PLC during the second quarter worth $250,000. Advisory Services Network LLC lifted its stake in Diageo PLC by 1.9% during the second quarter. Advisory Services Network LLC now owns 3,279 shares of the company’s stock worth $393,000 after purchasing an additional 62 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Diageo PLC during the second quarter worth $477,000. Hedge funds and other institutional investors own 11.72% 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.

Analyst Recommendations for Diageo PLC (NYSE:DEO)

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