Jefferies Group LLC Reaffirms “Buy” Rating for Diageo PLC (DEO)
Jefferies Group LLC reaffirmed their buy rating on shares of Diageo PLC (NYSE:DEO) in a research note published on Saturday morning. Jefferies Group LLC currently has a $155.40 target price on the stock, up from their prior target price of $155.20.
DEO has been the topic of several other research reports. Berenberg Bank downgraded Diageo PLC from a buy rating to a hold rating in a research note on Wednesday, September 13th. BidaskClub raised Diageo PLC from a hold rating to a buy rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Diageo PLC from a hold rating to a buy rating and set a $149.00 target price on the stock in a research note on Tuesday, August 22nd. Evercore ISI assumed coverage on Diageo PLC in a research report on Thursday, September 28th. They set an outperform rating and a $152.00 price target on the stock. Finally, Sanford C. Bernstein upgraded Diageo PLC from a market perform rating to an outperform rating and increased their price target for the stock from $142.36 to $153.00 in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $147.88.
Diageo PLC (NYSE:DEO) opened at 131.03 on Friday. The stock has a 50 day moving average price of $133.35 and a 200 day moving average price of $123.58. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $137.59. The firm has a market cap of $82.33 billion, a P/E ratio of 23.53 and a beta of 0.73.
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The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be paid a $2.0322 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. This represents a yield of 3.12%.
Several institutional investors have recently added to or reduced their stakes in the company. Intl Fcstone Inc. purchased a new stake in shares of Diageo PLC in the second quarter worth $271,000. M Holdings Securities Inc. grew its position in Diageo PLC by 33.3% during the second quarter. M Holdings Securities Inc. now owns 3,107 shares of the company’s stock worth $372,000 after buying an additional 777 shares in the last quarter. Cetera Investment Advisers purchased a new position in Diageo PLC during the second quarter worth about $250,000. Advisory Services Network LLC increased its stake in Diageo PLC by 1.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,279 shares of the company’s stock worth $393,000 after acquiring an additional 62 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Diageo PLC in the 2nd quarter worth about $477,000. 11.70% of the stock is currently owned by hedge funds and other institutional investors.
Diageo PLC Company Profile
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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