Diageo (NYSE:DEO) Upgraded by UBS Group to Buy Rating

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

A number of other equities analysts have also commented on the company. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Diageo Trading Up 2.0 %

Diageo stock opened at $129.24 on Wednesday. Diageo has a 12 month low of $117.72 and a 12 month high of $154.71. The stock’s 50 day moving average is $126.48 and its 200-day moving average is $129.30. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lantz Financial LLC boosted its position in Diageo by 24.7% during the 2nd quarter. Lantz Financial LLC now owns 11,704 shares of the company’s stock worth $1,476,000 after buying an additional 2,318 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Diageo by 28.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,276 shares of the company’s stock worth $539,000 after buying an additional 954 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Diageo by 4.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 112,045 shares of the company’s stock worth $14,127,000 after buying an additional 4,593 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Diageo by 3.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,625 shares of the company’s stock worth $2,474,000 after buying an additional 707 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in Diageo by 47.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 52,337 shares of the company’s stock worth $6,599,000 after buying an additional 16,782 shares during the period. 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.