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

Diageo plc (NYSE:DEO) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company.

DEO has been the topic of several research analyst reports. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th.

Diageo Trading Up 0.2 %

DEO opened at $119.62 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo has a fifty-two week low of $117.72 and a fifty-two week high of $154.71. The firm’s fifty day moving average is $129.03 and its 200 day moving average is $130.21.

Institutional Trading of Diageo

Hedge funds have recently made changes to their positions in the business. Citigroup Inc. raised its position in shares of Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after buying an additional 6,617 shares in the last quarter. FMR LLC raised its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Diageo by 106.2% during the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after buying an additional 16,300 shares in the last quarter. Grandfield & Dodd LLC raised its position in shares of Diageo by 2.3% during the 3rd quarter. Grandfield & Dodd LLC now owns 240,013 shares of the company’s stock valued at $33,684,000 after buying an additional 5,460 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after buying an additional 284,046 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other 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.