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

Diageo plc (NYSE:DEOGet Free Report) has been given an average rating of “Hold” by the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $106.25.

DEO has been the topic of several recent analyst reports. Loop Capital set a $99.00 target price on shares of Diageo in a report on Thursday, June 18th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. TD Cowen reissued a “buy” rating on shares of Diageo in a research note on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th.

View Our Latest Stock Analysis on Diageo

Diageo Trading Up 0.6%

Shares of Diageo stock opened at $94.44 on Monday. The company’s 50 day moving average price is $85.88 and its two-hundred day moving average price is $84.19. Diageo has a fifty-two week low of $72.45 and a fifty-two week high of $116.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Diageo Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be issued a dividend of $1.20 per share. This represents a dividend yield of 252.0%. The ex-dividend date is Friday, October 16th.

Institutional Inflows and Outflows

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

About Diageo

(Get Free Report)

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.

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Analyst Recommendations for Diageo (NYSE:DEO)

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