Jefferies Group reaffirmed their buy rating on shares of Diageo PLC (NYSE:DEO) in a research note released on Tuesday morning.

A number of other brokerages have also issued reports on DEO. Zacks Investment Research lowered Diageo PLC from a hold rating to a strong sell rating in a research note on Wednesday, October 5th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Goldman Sachs Group Inc. raised Diageo PLC from a sell rating to a neutral rating in a research note on Tuesday, June 28th. Credit Agricole SA reaffirmed an outperform rating on shares of Diageo PLC in a research note on Wednesday, October 5th. Finally, HSBC reiterated a hold rating on shares of Diageo PLC in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Diageo PLC presently has a consensus rating of Hold and an average price target of $135.78.

Diageo PLC (NYSE:DEO) opened at 108.58 on Tuesday. The company has a market cap of $68.14 billion, a P/E ratio of 23.96 and a beta of 0.78. Diageo PLC has a 52-week low of $99.59 and a 52-week high of $117.95. The stock’s 50 day moving average price is $113.32 and its 200-day moving average price is $111.29.

The company also recently disclosed a dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th were paid a $0.192 dividend. The ex-dividend date was Wednesday, August 10th.

Several large investors have recently modified their holdings of DEO. Citizens Financial Group Inc RI boosted its stake in shares of Diageo PLC by 3.0% in the second quarter. Citizens Financial Group Inc RI now owns 900 shares of the company’s stock worth $101,000 after buying an additional 26 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock worth $119,000 after buying an additional 12 shares during the last quarter. Integrated Wealth Management boosted its stake in shares of Diageo PLC by 2.4% in the second quarter. Integrated Wealth Management now owns 1,158 shares of the company’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Jolley Asset Management LLC boosted its stake in shares of Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock worth $140,000 after buying an additional 337 shares during the last quarter. Finally, Washington Trust Bank boosted its stake in shares of Diageo PLC by 9.5% in the third quarter. Washington Trust Bank now owns 1,359 shares of the company’s stock worth $158,000 after buying an additional 118 shares during the last quarter. 10.97% of the stock is owned by institutional investors and hedge funds.

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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