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

Diageo plc (NYSE:DEO) has earned an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $129.00.

DEO has been the topic of a number of recent research reports. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock.

Diageo Stock Performance

Diageo stock opened at $103.18 on Friday. Diageo has a twelve month low of $99.26 and a twelve month high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $57.40 billion, a P/E ratio of 15.06 and a beta of 0.56. The stock’s 50 day moving average is $106.53 and its 200 day moving average is $110.29.

Institutional Trading of Diageo

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of Diageo in the fourth quarter worth approximately $202,000. Charles Schwab Investment Management Inc. boosted its holdings in Diageo by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock worth $4,795,000 after purchasing an additional 3,964 shares during the last quarter. King Luther Capital Management Corp bought a new stake in Diageo in the 4th quarter worth approximately $206,000. Wealthfront Advisers LLC purchased a new stake in Diageo during the 4th quarter valued at $276,000. Finally, Sequoia Financial Advisors LLC raised its stake in Diageo by 2.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock valued at $475,000 after buying an additional 103 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

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.