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

Shares of Diageo plc (NYSE:DEO) have received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company.

Several equities analysts have recently commented on DEO shares. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th.

Diageo Stock Down 0.1 %

Shares of NYSE:DEO opened at $126.93 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $124.45 and its 200 day moving average is $128.72. The stock has a market cap of $70.61 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 3.59 and a beta of 0.69. Diageo has a 52-week low of $117.72 and a 52-week high of $154.71.

Institutional Trading of Diageo

Hedge funds have recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after acquiring an additional 16,285 shares in the last quarter. FMR LLC boosted its holdings in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Quantinno Capital Management LP increased its holdings 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 in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Diageo by 106.2% in the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after purchasing an additional 16,300 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other 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.