Diageo (NYSE:DEO) Now Covered by Analysts at Berenberg Bank

Stock analysts at Berenberg Bank assumed coverage on shares of Diageo (NYSE:DEO) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating on the stock.

Several other research firms have also commented on DEO. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Trading Up 1.8 %

Diageo stock opened at $106.44 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo has a 1 year low of $103.70 and a 1 year high of $149.24. The firm’s 50-day moving average is $110.97 and its 200-day moving average is $121.45. The company has a market cap of $59.21 billion, a P/E ratio of 15.54, a PEG ratio of 2.39 and a beta of 0.65.

Hedge Funds Weigh In On Diageo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DEO. Thrivent Financial for Lutherans purchased a new position in shares of Diageo during the third quarter valued at $261,000. Charles Schwab Investment Management Inc. grew its stake in Diageo by 84.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company’s stock valued at $4,737,000 after acquiring an additional 15,487 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Diageo by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 37,644 shares of the company’s stock valued at $5,283,000 after purchasing an additional 1,409 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Diageo in the third quarter worth approximately $2,277,000. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Diageo by 87.7% during the third quarter. Hilltop Holdings Inc. now owns 3,234 shares of the company’s stock worth $454,000 after purchasing an additional 1,511 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

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.