Diageo (NYSE:DEO) Raised to Buy at Deutsche Bank Aktiengesellschaft

Diageo (NYSE:DEO) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Tuesday, MarketBeat Ratings reports.

A number of other equities analysts also recently commented on DEO. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Barclays reiterated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Argus raised Diageo to a “hold” rating in a research note on Tuesday, March 10th. Finally, UBS Group restated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Stock Up 0.3%

NYSE DEO opened at $74.69 on Tuesday. Diageo has a 12 month low of $72.45 and a 12 month high of $116.69. The company’s 50-day moving average price is $86.79 and its 200-day moving average price is $90.23. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Hedge Funds Weigh In On Diageo

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Advisors Network LLC raised its stake in Diageo by 3.5% in the third quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock worth $297,000 after buying an additional 104 shares in the last quarter. Glenview Trust Co lifted its holdings in Diageo by 3.7% during the fourth quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after buying an additional 104 shares during the period. Retirement Planning Co of New England Inc. boosted its position in Diageo by 2.0% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,684 shares of the company’s stock valued at $542,000 after acquiring an additional 114 shares in the last quarter. Mission Wealth Management LP boosted its position in Diageo by 4.0% during the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after acquiring an additional 114 shares in the last quarter. Finally, Wynn Capital LLC increased its holdings in shares of Diageo by 2.5% in the 4th quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock valued at $431,000 after acquiring an additional 122 shares during the period. 8.97% of the stock is currently owned by institutional investors.

About Diageo

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.