Diageo plc (NYSE:DEO) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $178.00.

A number of research firms have issued reports on DEO. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective on the stock in a research note on Monday, May 27th. Kepler Capital Markets downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.

NYSE:DEO traded down $0.68 during trading hours on Monday, reaching $167.01. The stock had a trading volume of 12,951 shares, compared to its average volume of 420,709. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. Diageo has a 52 week low of $131.43 and a 52 week high of $176.07. The company has a 50 day moving average price of $168.74 and a two-hundred day moving average price of $165.24. The stock has a market capitalization of $102.34 billion, a PE ratio of 24.77, a PEG ratio of 2.85 and a beta of 0.47.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be paid a $2.111 dividend. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Thursday, August 8th. Diageo’s payout ratio is presently 62.52%.

Large investors have recently added to or reduced their stakes in the business. Colony Group LLC grew its position in Diageo by 43.8% in the 2nd quarter. Colony Group LLC now owns 4,778 shares of the company’s stock valued at $823,000 after acquiring an additional 1,456 shares during the last quarter. Maverick Capital Ltd. grew its position in Diageo by 7.5% in the 2nd quarter. Maverick Capital Ltd. now owns 6,750 shares of the company’s stock valued at $1,163,000 after acquiring an additional 470 shares during the last quarter. MAI Capital Management grew its position in Diageo by 1.9% in the 2nd quarter. MAI Capital Management now owns 75,491 shares of the company’s stock valued at $13,009,000 after acquiring an additional 1,384 shares during the last quarter. Eaton Vance Management grew its position in Diageo by 16.3% in the 2nd quarter. Eaton Vance Management now owns 15,475 shares of the company’s stock valued at $2,652,000 after acquiring an additional 2,172 shares during the last quarter. Finally, Frontier Wealth Management LLC grew its position in Diageo by 6.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 5,022 shares of the company’s stock valued at $865,000 after acquiring an additional 300 shares during the last quarter. 10.52% of the stock is currently owned by institutional investors and hedge funds.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (NYSE:DEO)

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