Diageo plc (DEO) Short Interest Down 62.1% in January

Diageo plc (NYSE:DEO) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 330,080 shares, a drop of 62.1% from the January 12th total of 871,373 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 440,211 shares, the short-interest ratio is currently 0.7 days.

Diageo (DEO) opened at $138.54 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31. Diageo has a 12 month low of $110.92 and a 12 month high of $147.62. The firm has a market cap of $85,100.00, a P/E ratio of 19.60, a PEG ratio of 2.83 and a beta of 0.71.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be paid a dividend of $1.4232 per share. The ex-dividend date is Thursday, February 22nd. This represents a dividend yield of 1.96%. Diageo’s dividend payout ratio (DPR) is 45.26%.

DEO has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. BNP Paribas downgraded shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada downgraded shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Jefferies Group set a $157.00 price target on shares of Diageo and gave the company a “buy” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Diageo currently has a consensus rating of “Hold” and an average target price of $153.75.

Institutional investors and hedge funds have recently modified their holdings of the company. Gotham Asset Management LLC purchased a new position in shares of Diageo during the 2nd quarter worth approximately $278,000. Crossmark Global Holdings Inc. purchased a new position in shares of Diageo during the 3rd quarter worth approximately $3,257,000. Segment Wealth Management LLC increased its stake in shares of Diageo by 9.0% during the 4th quarter. Segment Wealth Management LLC now owns 17,583 shares of the company’s stock worth $2,567,000 after purchasing an additional 1,455 shares in the last quarter. M Holdings Securities Inc. increased its stake in shares of Diageo by 33.3% during the 2nd quarter. M Holdings Securities Inc. now owns 3,107 shares of the company’s stock worth $372,000 after purchasing an additional 777 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of Diageo by 1.3% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 68,485 shares of the company’s stock worth $9,049,000 after purchasing an additional 855 shares in the last quarter. 12.17% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Diageo plc (DEO) Short Interest Down 62.1% in January” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/15/diageo-plc-deo-short-interest-down-62-1-in-january.html.

About Diageo

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.

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply