Equities Analysts Issue Forecasts for Diageo PLC’s FY2017 Earnings (DEO)
Diageo PLC (NYSE:DEO) – Credit Agricole SA issued their FY2017 earnings estimates for shares of Diageo PLC in a note issued to investors on Wednesday. Credit Agricole SA analyst C. Levy forecasts that the firm will earn $5.25 per share for the year. Credit Agricole SA currently has a “Outperform” rating on the stock. Credit Agricole SA also issued estimates for Diageo PLC’s FY2018 earnings at $5.68 EPS and FY2019 earnings at $6.14 EPS.
Several other analysts have also recently commented on DEO. Zacks Investment Research cut Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Societe Generale upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Goldman Sachs Group Inc. upgraded Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. HSBC restated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Finally, Barclays PLC cut Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Diageo PLC presently has an average rating of “Hold” and an average price target of $135.78.
Shares of Diageo PLC (NYSE:DEO) traded down 0.62% during trading on Monday, reaching $109.31. 857,672 shares of the company’s stock traded hands. The stock has a market capitalization of $68.60 billion, a PE ratio of 24.12 and a beta of 0.78. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95. The company has a 50 day moving average price of $114.20 and a 200 day moving average price of $111.25.
The business also recently declared a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be given a dividend of $0.192 per share. The ex-dividend date is Wednesday, August 10th.
A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock valued at $479,163,000 after buying an additional 653,461 shares during the period. Aristotle Capital Management LLC raised its position in shares of Diageo PLC by 3.0% in the second quarter. Aristotle Capital Management LLC now owns 1,523,713 shares of the company’s stock worth $171,997,000 after buying an additional 44,006 shares during the last quarter. Thomaspartners Inc. raised its position in shares of Diageo PLC by 8.7% in the second quarter. Thomaspartners Inc. now owns 1,405,912 shares of the company’s stock worth $158,699,000 after buying an additional 112,510 shares during the last quarter. Markel Corp raised its position in shares of Diageo PLC by 1.2% in the second quarter. Markel Corp now owns 1,302,300 shares of the company’s stock worth $147,004,000 after buying an additional 15,600 shares during the last quarter. Finally, HS Management Partners LLC raised its position in shares of Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock worth $139,686,000 after buying an additional 207,200 shares during the last quarter. 10.97% of the stock is currently owned by hedge funds and other institutional investors.
About Diageo PLC
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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