Diageo plc (NYSE:DEO) Short Interest Update

Diageo plc (NYSE:DEOGet Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 390,400 shares, an increase of 92.4% from the January 15th total of 202,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 865,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Diageo

A number of institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new position in shares of Diageo during the 3rd quarter worth $263,000. Raymond James & Associates grew its position in Diageo by 2.8% during the third quarter. Raymond James & Associates now owns 570,926 shares of the company’s stock worth $85,171,000 after buying an additional 15,543 shares during the period. Phraction Management LLC increased its holdings in Diageo by 28.3% in the third quarter. Phraction Management LLC now owns 20,618 shares of the company’s stock valued at $3,076,000 after buying an additional 4,546 shares in the last quarter. Keybank National Association OH lifted its position in shares of Diageo by 2.5% during the 3rd quarter. Keybank National Association OH now owns 26,266 shares of the company’s stock valued at $3,918,000 after acquiring an additional 633 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Diageo by 142.4% during the 2nd quarter. Bessemer Group Inc. now owns 21,579 shares of the company’s stock worth $3,744,000 after acquiring an additional 12,675 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Up 0.3 %

NYSE:DEO traded up $0.39 during mid-day trading on Monday, reaching $146.87. The stock had a trading volume of 412,388 shares, compared to its average volume of 882,703. Diageo has a twelve month low of $135.63 and a twelve month high of $190.02. The business has a 50 day simple moving average of $143.59 and a 200 day simple moving average of $152.36. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

Diageo Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be issued a $1.62 dividend. The ex-dividend date is Thursday, February 29th. This represents a dividend yield of 2.7%.

Analyst Upgrades and Downgrades

DEO has been the subject of several research reports. UBS Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 5th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. downgraded shares of Diageo from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 29th. Finally, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3,778.00.

View Our Latest Stock Analysis on Diageo

About Diageo

(Get Free Report)

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

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