Diageo PLC (NYSE:DEO) Raised to “Outperform” at Sanford C. Bernstein
Sanford C. Bernstein upgraded shares of Diageo PLC (NYSE:DEO) from a market perform rating to an outperform rating in a research report sent to investors on Friday, MarketBeat reports. The firm currently has $153.00 target price on the stock, up from their prior target price of $142.36.
A number of other analysts have also weighed in on DEO. Goldman Sachs Group, Inc. (The) lowered shares of Diageo PLC from a neutral rating to a sell rating in a report on Thursday, March 30th. Zacks Investment Research lowered shares of Diageo PLC from a hold rating to a sell rating in a report on Thursday, April 6th. Jefferies Group LLC set a $120.00 price target on shares of Diageo PLC and gave the company a buy rating in a report on Friday, April 21st. Citigroup Inc. lowered shares of Diageo PLC from a buy rating to a neutral rating in a report on Thursday, May 25th. Finally, BidaskClub lowered shares of Diageo PLC from a buy rating to a hold rating in a report on Friday, June 9th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $141.67.
Shares of Diageo PLC (NYSE DEO) opened at 130.57 on Friday. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $130.84. The firm has a 50-day moving average price of $121.04 and a 200-day moving average price of $117.06. The firm has a market capitalization of $82.03 billion, a P/E ratio of 23.86 and a beta of 0.74.
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A number of hedge funds have recently added to or reduced their stakes in DEO. YorkBridge Wealth Partners LLC raised its position in shares of Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock valued at $116,000 after buying an additional 738 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Diageo PLC during the first quarter valued at approximately $118,000. Glassman Wealth Services raised its position in shares of Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares during the period. Tradewinds Capital Management LLC raised its position in shares of Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock valued at $136,000 after buying an additional 92 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Diageo PLC during the first quarter valued at approximately $139,000. 12.10% of the stock is owned by hedge funds and other institutional investors.
About Diageo PLC
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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