Diageo PLC (DEO) Lowered to “Hold” at Berenberg Bank

Diageo PLC (NYSE:DEO) was downgraded by research analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued research reports about the stock. Jefferies Group LLC set a $142.00 price objective on shares of Diageo PLC and gave the company a “buy” rating in a report on Saturday, June 17th. BidaskClub upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $146.55.

Diageo PLC (NYSE DEO) traded down 0.84% on Wednesday, reaching $136.20. The company had a trading volume of 102,047 shares. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $137.34. The firm has a market capitalization of $85.58 billion, a P/E ratio of 24.96 and a beta of 0.75. The company’s 50-day moving average price is $131.25 and its 200 day moving average price is $121.40.

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Several large investors have recently bought and sold shares of the stock. Carret Asset Management LLC boosted its position in shares of Diageo PLC by 0.5% during the 1st quarter. Carret Asset Management LLC now owns 3,064 shares of the company’s stock worth $354,000 after purchasing an additional 15 shares during the period. Bangor Savings Bank boosted its position in shares of Diageo PLC by 0.9% during the 2nd quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock worth $212,000 after purchasing an additional 16 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Diageo PLC by 0.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares during the period. Investment Centers of America Inc. boosted its position in shares of Diageo PLC by 0.3% during the 1st quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock worth $761,000 after purchasing an additional 22 shares during the period. Finally, Capital One National Association boosted its position in shares of Diageo PLC by 0.7% during the 2nd quarter. Capital One National Association now owns 3,119 shares of the company’s stock worth $374,000 after purchasing an additional 22 shares during the period. 11.72% of the stock is owned by hedge funds and other institutional investors.

Diageo PLC Company Profile

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.

Analyst Recommendations for Diageo PLC (NYSE:DEO)

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