Equities research analysts at Macquarie initiated coverage on shares of Diageo PLC (NYSE:DEO) in a note issued to investors on Monday. The brokerage set an “underperform” rating on the stock.

Several other analysts have also commented on the company. initiated coverage on Diageo PLC in a report on Thursday, October 6th. They issued a “buy” rating and a $130.00 price objective for the company. Liberum Capital initiated coverage on Diageo PLC in a report on Monday, October 3rd. They issued a “hold” rating for the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $135.78.

Analyst Recommendations for Diageo PLC (NYSE:DEO)

Diageo PLC (NYSE:DEO) opened at 102.09 on Monday. The company has a market capitalization of $64.07 billion, a price-to-earnings ratio of 23.24 and a beta of 0.80. Diageo PLC has a 52 week low of $99.46 and a 52 week high of $117.84. The firm has a 50-day moving average price of $105.37 and a 200-day moving average price of $110.35.

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Institutional investors have recently made changes to their positions in the stock. 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 valued at $119,000 after buying an additional 12 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of Diageo PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,564 shares of the company’s stock valued at $181,000 after buying an additional 12 shares during the period. Carret Asset Management LLC boosted its stake in shares of Diageo PLC by 0.5% in the third quarter. Carret Asset Management LLC now owns 2,849 shares of the company’s stock valued at $331,000 after buying an additional 13 shares during the period. Buckingham Asset Management LLC boosted its stake in shares of Diageo PLC by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 2,776 shares of the company’s stock valued at $313,000 after buying an additional 15 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Diageo PLC by 0.8% in the second quarter. Cullen Frost Bankers Inc. now owns 2,453 shares of the company’s stock valued at $277,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 13.52% of the company’s stock.

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.

5 Day Chart for NYSE:DEO

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