Diageo PLC (DEO) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Diageo PLC (NYSE:DEO) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $153.47.
A number of equities research analysts have recently commented on DEO shares. BidaskClub downgraded Diageo PLC from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $142.36 to $153.00 in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and set a $154.20 price objective (up previously from $142.25) on shares of Diageo PLC in a research report on Friday, September 1st. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Tuesday, August 22nd. Finally, Berenberg Bank downgraded Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th.
Shares of Diageo PLC (NYSE:DEO) traded down 0.0029% during midday trading on Thursday, hitting $135.5761. The stock had a trading volume of 173,034 shares. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $137.59. The company’s 50-day moving average price is $134.04 and its 200-day moving average price is $125.09. The firm has a market cap of $85.19 billion, a price-to-earnings ratio of 24.3492 and a beta of 0.73.
The firm also recently announced a semiannual dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th were issued a $2.0322 dividend. The ex-dividend date was Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Diageo PLC by 6.1% in the first quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock worth $776,513,000 after acquiring an additional 385,257 shares during the last quarter. Morgan Stanley increased its stake in shares of Diageo PLC by 12.6% in the first quarter. Morgan Stanley now owns 1,958,009 shares of the company’s stock worth $226,307,000 after acquiring an additional 218,450 shares during the last quarter. BlackRock Inc. increased its stake in shares of Diageo PLC by 13,115.4% in the first quarter. BlackRock Inc. now owns 1,750,247 shares of the company’s stock worth $202,293,000 after acquiring an additional 1,737,003 shares during the last quarter. HS Management Partners LLC increased its stake in shares of Diageo PLC by 3.1% in the second quarter. HS Management Partners LLC now owns 1,560,354 shares of the company’s stock worth $186,977,000 after acquiring an additional 46,975 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Diageo PLC by 29.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,475,331 shares of the company’s stock worth $176,789,000 after acquiring an additional 332,046 shares during the last quarter. 11.69% of the stock is currently owned by institutional investors and hedge funds.
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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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