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

Diageo plc (NYSE:DEO) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $129.00.

Several brokerages recently issued reports on DEO. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in shares of Diageo during the 3rd quarter worth $25,000. Eastern Bank lifted its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in Diageo during the 4th quarter valued at approximately $35,000. Concord Wealth Partners acquired a new stake in Diageo in the 3rd quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC increased its position in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 1.2 %

Shares of NYSE:DEO opened at $118.75 on Friday. The firm has a fifty day moving average of $122.58 and a two-hundred day moving average of $127.88. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo has a 12-month low of $113.99 and a 12-month high of $154.71.

Diageo Company Profile

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.