Diageo PLC (NYSE:DEO) Given Average Recommendation of “Hold” by Brokerages
Diageo PLC (NYSE:DEO) has been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the company. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $137.71.
A number of analysts have recently issued reports on the stock. Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Bank of America Corp. reaffirmed a “buy” rating on shares of Diageo PLC in a report on Friday. Barclays PLC downgraded shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Finally, Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th.
Diageo PLC (NYSE:DEO) opened at 113.88 on Thursday. The firm has a 50-day moving average of $114.17 and a 200-day moving average of $110.36. The stock has a market cap of $71.47 billion, a PE ratio of 23.94 and a beta of 0.76. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th will be given a dividend of $0.192 per share. The ex-dividend date is Wednesday, August 10th.
Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock valued at $479,163,000 after buying an additional 653,461 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Diageo PLC by 229.4% in the first quarter. JPMorgan Chase & Co. now owns 696,771 shares of the company’s stock valued at $75,160,000 after buying an additional 485,237 shares during the last quarter. Douglas Lane & Associates LLC bought a new stake in Diageo PLC during the first quarter valued at about $45,840,000. HS Management Partners LLC boosted its stake in Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock valued at $139,686,000 after buying an additional 207,200 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Diageo PLC during the second quarter valued at about $20,264,000. Hedge funds and other institutional investors own 11.43% of the company’s stock.
About Diageo PLC
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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