Diageo (NYSE:DEO) Upgraded at UBS Group

Diageo (NYSE:DEO) was upgraded by analysts at UBS Group from a “sell” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports.

DEO has been the subject of several other research reports. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo has a consensus rating of “Hold”.

Diageo Stock Up 2.8 %

Shares of DEO traded up $3.43 during trading hours on Wednesday, hitting $127.92. The stock had a trading volume of 995,862 shares, compared to its average volume of 787,491. The firm has a 50 day simple moving average of $126.73 and a 200-day simple moving average of $129.32. Diageo has a 1-year low of $117.72 and a 1-year high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Hedge Funds Weigh In On Diageo

Large investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in shares of Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after buying an additional 16,285 shares during the last quarter. FMR LLC grew its holdings in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Diageo by 420.5% during the third quarter. Quantinno Capital Management LP now owns 39,189 shares of the company’s stock valued at $5,500,000 after acquiring an additional 31,660 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Diageo by 106.2% during the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock worth $4,441,000 after acquiring an additional 16,300 shares during the period. 8.97% of the stock is currently owned by institutional investors.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.