Diageo plc (NYSE:DEO) Given Consensus Rating of “Hold” by Analysts

Shares of Diageo plc (NYSE:DEO) have been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $120.6667.

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the stock an “outperform” rating in a research report on Monday, December 29th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. UBS Group restated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Barclays restated an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On Diageo

Several large investors have recently modified their holdings of DEO. SageView Advisory Group LLC raised its holdings in Diageo by 1.7% during the 1st quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock valued at $571,000 after buying an additional 89 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Diageo by 3.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock worth $331,000 after buying an additional 96 shares during the period. Aaron Wealth Advisors LLC increased its position in Diageo by 2.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock valued at $357,000 after acquiring an additional 101 shares during the last quarter. Integrated Advisors Network LLC raised its stake in shares of Diageo by 3.5% in the third quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock valued at $297,000 after acquiring an additional 104 shares during the period. Finally, Pavion Blue Capital LLC lifted its holdings in shares of Diageo by 0.4% in the 2nd quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock worth $2,659,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 0.9%

NYSE:DEO opened at $87.06 on Friday. Diageo has a 1 year low of $85.11 and a 1 year high of $126.73. The stock’s 50 day simple moving average is $90.19 and its two-hundred day simple moving average is $98.49. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.