UBS Group Reiterates “Neutral” Rating for Diageo (NYSE:DEO)

Diageo (NYSE:DEO)‘s stock had its “neutral” rating reissued by equities researchers at UBS Group in a report issued on Wednesday, Marketbeat reports.

A number of other research firms have also recently commented on DEO. Bank of America reduced their price target on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a report on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. The Goldman Sachs Group upgraded Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Zacks Research cut shares of Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $119.00.

Diageo Trading Down 2.8%

Shares of DEO opened at $89.48 on Wednesday. The firm has a 50-day moving average of $93.92 and a 200-day moving average of $101.64. Diageo has a one year low of $86.57 and a one year high of $132.34. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Savant Capital LLC acquired a new stake in shares of Diageo in the 2nd quarter valued at $310,000. Philip James Wealth Mangement LLC boosted its stake in shares of Diageo by 81.8% in the 2nd quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock valued at $3,338,000 after purchasing an additional 14,895 shares in the last quarter. Martin Capital Partners LLC grew its holdings in shares of Diageo by 225.8% during the 2nd quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock valued at $3,280,000 after purchasing an additional 22,542 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in Diageo by 5.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock valued at $12,846,000 after purchasing an additional 6,145 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Diageo in the second quarter valued at approximately $107,000. Institutional investors own 8.97% of the company’s stock.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.