Diageo plc (NYSE:DEO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Diageo plc (NYSE:DEO) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $106.25.

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. Finally, Loop Capital set a $99.00 target price on Diageo in a research note on Thursday, June 18th.

Diageo Stock Performance

Shares of NYSE:DEO opened at $85.21 on Thursday. Diageo has a 52 week low of $72.45 and a 52 week high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The firm has a 50 day moving average of $82.25 and a 200 day moving average of $83.82.

Institutional Trading of Diageo

A number of institutional investors have recently modified their holdings of DEO. Brighton Jones LLC purchased a new stake in Diageo during the fourth quarter valued at approximately $202,000. Russell Investments Group Ltd. increased its position in shares of Diageo by 17.0% during the second quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company’s stock worth $399,000 after purchasing an additional 574 shares in the last quarter. Invesco Ltd. increased its position in shares of Diageo by 5.3% during the second quarter. Invesco Ltd. now owns 212,004 shares of the company’s stock worth $21,379,000 after purchasing an additional 10,653 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Diageo by 87.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,234 shares of the company’s stock valued at $124,000 after purchasing an additional 575 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Diageo during the 2nd quarter valued at $444,000. 8.97% of the stock is currently owned by institutional investors.

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.