Diageo plc (NYSE:DEO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Diageo plc (NYSE:DEO) have received an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company.

Several analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Citigroup Inc. lifted its position in Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after acquiring an additional 6,617 shares during the period. BNP Paribas Financial Markets lifted its position in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares during the period. FMR LLC lifted its position in Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the period. CIBC Asset Management Inc lifted its position in Diageo by 106.2% during the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after acquiring an additional 16,300 shares during the period. Finally, Grandfield & Dodd LLC lifted its position in Diageo by 2.3% during the 3rd quarter. Grandfield & Dodd LLC now owns 240,013 shares of the company’s stock valued at $33,684,000 after acquiring an additional 5,460 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of DEO stock opened at $122.99 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo has a fifty-two week low of $117.72 and a fifty-two week high of $154.71. The business’s 50 day moving average price is $127.73 and its 200-day moving average price is $129.76.

About Diageo

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