Diageo (NYSE:DEO) was downgraded by stock analysts at Kepler Capital Markets from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on DEO. Investec raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Zacks Investment Research raised shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Finally, Barclays reaffirmed a “sell” rating on shares of easyJet in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Diageo currently has a consensus rating of “Hold” and a consensus target price of $171.33.

Shares of DEO stock traded up $0.07 on Tuesday, reaching $172.53. The stock had a trading volume of 152,068 shares, compared to its average volume of 349,368. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. The stock’s 50-day moving average price is $171.51. The stock has a market capitalization of $105.38 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 2.89 and a beta of 0.49. Diageo has a 12 month low of $131.43 and a 12 month high of $176.07.

Hedge funds have recently modified their holdings of the company. Financial Gravity Wealth Inc. acquired a new position in Diageo in the 1st quarter valued at about $27,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in Diageo by 56.9% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 70 shares during the last quarter. Claybrook Capital LLC acquired a new position in Diageo in the 4th quarter valued at about $30,000. Canton Hathaway LLC acquired a new position in Diageo in the 1st quarter valued at about $36,000. Finally, Executive Wealth Management LLC acquired a new position in Diageo in the 4th quarter valued at about $32,000. 10.38% of the stock is currently owned by institutional investors.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Analyst Recommendations for Diageo (NYSE:DEO)

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