Diageo plc (NYSE:DEO) Given Average Rating of “Hold” by Analysts

Diageo plc (NYSE:DEOGet Free Report) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company.

A number of research firms have recently commented on DEO. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th.

Check Out Our Latest Stock Analysis on DEO

Diageo Stock Performance

Shares of NYSE:DEO opened at $127.13 on Wednesday. The company’s 50 day simple moving average is $124.05 and its 200 day simple moving average is $128.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo has a 1 year low of $117.72 and a 1 year high of $154.71. The stock has a market capitalization of $70.72 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.59 and a beta of 0.69.

Institutional Trading of Diageo

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its holdings in Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after buying an additional 16,285 shares during the period. FMR LLC raised its stake in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares during the last quarter. Quantinno Capital Management LP raised its stake in Diageo by 420.5% during the third quarter. Quantinno Capital Management LP now owns 39,189 shares of the company’s stock worth $5,500,000 after buying an additional 31,660 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Diageo by 106.2% in the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after buying an additional 16,300 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Company Profile

(Get Free Report

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.

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Analyst Recommendations for Diageo (NYSE:DEO)

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