Barclays Reaffirms “Overweight” Rating for Diageo (NYSE:DEO)

Barclays reaffirmed their overweight rating on shares of Diageo (NYSE:DEO) in a research report report published on Monday, The Fly reports.

DEO has been the subject of several other research reports. Citigroup restated a neutral rating on shares of Diageo in a research report on Tuesday, June 22nd. Royal Bank of Canada restated a sector perform rating on shares of Diageo in a research report on Friday, October 1st. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Diageo in a research report on Wednesday, July 14th. Credit Suisse Group restated an outperform rating on shares of Diageo in a research report on Friday, October 1st. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Diageo in a research report on Friday, October 1st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Diageo currently has a consensus rating of Buy and an average price target of $197.50.

Shares of Diageo stock opened at $197.21 on Monday. The stock has a market capitalization of $126.16 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 1.57. The company has a 50-day simple moving average of $194.19 and a 200 day simple moving average of $189.51. Diageo has a 12-month low of $129.16 and a 12-month high of $202.35.

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, October 13th. Investors of record on Friday, August 27th were paid a dividend of $2.4803 per share. This is a positive change from Diageo’s previous semi-annual dividend of $1.53. The ex-dividend date of this dividend was Thursday, August 26th. This represents a yield of 1.8%. Diageo’s dividend payout ratio (DPR) is presently 73.85%.

A number of institutional investors have recently added to or reduced their stakes in DEO. GPS Wealth Strategies Group LLC acquired a new stake in shares of Diageo in the second quarter valued at approximately $38,000. Red Door Wealth Management LLC acquired a new stake in shares of Diageo in the second quarter valued at approximately $41,000. First PREMIER Bank acquired a new stake in shares of Diageo in the second quarter valued at approximately $42,000. Albion Financial Group UT acquired a new stake in shares of Diageo in the second quarter valued at approximately $42,000. Finally, Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Diageo in the second quarter valued at approximately $37,000. 9.85% of the stock is currently owned by institutional investors and hedge funds.

Diageo Company Profile

Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other.

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Analyst Recommendations for Diageo (NYSE:DEO)

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