Diageo plc (DEO) – What Are Brokerages Saying About This Stock?

Diageo plc (NYSE:DEO) has received a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $99.75.

DEO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Diageo in a report on Wednesday, October 14th. Royal Bank Of Canada reiterated a “buy” rating on shares of Diageo in a report on Sunday, August 23rd. Zacks Research upgraded Diageo from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Thursday, October 15th. Finally, Morningstar lowered Diageo to a “hold” rating in a research note on Friday, August 7th.

Hedge Funds Weigh In On Diageo

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. increased its stake in Diageo by 794.4% in the 3rd quarter. Mather Group LLC. now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 286 shares during the period. Continuum Advisory LLC acquired a new position in shares of Diageo during the 2nd quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Diageo during the first quarter worth about $34,000. Financial Network Wealth Advisors LLC grew its stake in shares of Diageo by 28.1% in the third quarter. Financial Network Wealth Advisors LLC now owns 598 shares of the company’s stock valued at $51,000 after buying an additional 131 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in shares of Diageo in the first quarter valued at $54,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $97.73 on Friday. The company’s fifty day simple moving average is $89.72 and its two-hundred day simple moving average is $85.98. Diageo has a 52 week low of $72.45 and a 52 week high of $102.74. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53.

Diageo Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, October 16th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a yield of 252.0%.

Diageo Company Profile

Diageo plc is a global beverage-alcohol company headquartered in London, England. It develops, produces, markets and distributes spirits, beer and ready-to-drink beverages through a portfolio of well-known international and regional brands.

Its brands include Johnnie Walker, Crown Royal and Bulleit whiskies; Smirnoff, Cîroc and Ketel One vodkas; Captain Morgan rum; Don Julio and Casamigos tequila; Tanqueray gin; Baileys liqueur; and Guinness stout. The company sells products through retail, hospitality and e-commerce channels, serving consumers in markets across North America, Europe, Asia-Pacific, Latin America, Africa and other regions.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.