Diageo plc (NYSE:DEO) Receives Average Recommendation of “Hold” from Analysts

Shares of Diageo plc (NYSE:DEO) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $119.00.

DEO has been the topic of a number of research analyst reports. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Bank of America lowered their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th.

Diageo Stock Up 3.7%

Shares of DEO stock opened at $92.00 on Friday. Diageo has a 1 year low of $86.57 and a 1 year high of $132.34. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The business’s fifty day moving average is $95.05 and its 200-day moving average is $103.11.

Institutional Investors Weigh In On Diageo

Several large investors have recently modified their holdings of DEO. Philip James Wealth Mangement LLC increased its stake in shares of Diageo by 81.8% in the second quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock worth $3,338,000 after purchasing an additional 14,895 shares during the period. Martin Capital Partners LLC raised its stake in shares of Diageo by 225.8% in the second quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock valued at $3,280,000 after purchasing an additional 22,542 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Diageo in the 2nd quarter valued at $310,000. Carnegie Investment Counsel lifted its holdings in shares of Diageo by 2,331.0% during the 1st quarter. Carnegie Investment Counsel now owns 41,036 shares of the company’s stock worth $4,178,000 after acquiring an additional 39,348 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its position in shares of Diageo by 5.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock valued at $12,846,000 after acquiring an additional 6,145 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Company Profile

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.