Diageo plc (DEO) Receives Consensus Rating of “Hold” from Analysts

Diageo plc (NYSE:DEO) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $154.00.

DEO has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Evercore ISI initiated coverage on shares of Diageo in a report on Thursday, September 28th. They set an “outperform” rating and a $152.00 price objective for the company. Finally, Jefferies Group set a $157.00 price objective on shares of Diageo and gave the company a “buy” rating in a report on Thursday, January 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of DEO. Arrowstreet Capital Limited Partnership lifted its stake in Diageo by 29.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,475,331 shares of the company’s stock valued at $176,789,000 after buying an additional 332,046 shares in the last quarter. Royal Bank of Canada lifted its stake in Diageo by 3.6% in the second quarter. Royal Bank of Canada now owns 1,430,137 shares of the company’s stock valued at $171,374,000 after buying an additional 49,524 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Diageo by 10.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,195,108 shares of the company’s stock valued at $143,210,000 after buying an additional 115,666 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Diageo by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock valued at $64,288,000 after buying an additional 8,978 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Diageo by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 417,766 shares of the company’s stock valued at $50,061,000 after buying an additional 40,642 shares in the last quarter. Hedge funds and other institutional investors own 12.04% of the company’s stock.

Diageo (NYSE DEO) opened at $145.24 on Friday. The stock has a market cap of $90,420.00, a P/E ratio of 24.29, a P/E/G ratio of 2.89 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 1.30. Diageo has a 1-year low of $106.61 and a 1-year high of $147.06.

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Diageo 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.

Analyst Recommendations for Diageo (NYSE:DEO)

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