Diageo (NYSE:DEO) Hits New 1-Year Low - Time to Sell?

Diageo plc (NYSE:DEO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $115.87 and last traded at $115.87, with a volume of 17997 shares. The stock had previously closed at $118.23.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DEO. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

The business's 50-day simple moving average is $122.96 and its two-hundred day simple moving average is $128.17. The stock has a market cap of $64.83 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Institutional Investors Weigh In On Diageo

Several hedge funds have recently modified their holdings of the company. Eastern Bank increased its holdings in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Diageo by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company's stock worth $16,660,000 after purchasing an additional 346 shares during the period. First Hawaiian Bank grew its stake in shares of Diageo by 24.6% in the fourth quarter. First Hawaiian Bank now owns 5,407 shares of the company's stock worth $687,000 after purchasing an additional 1,069 shares during the last quarter. Diversified Trust Co increased its holdings in Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock valued at $236,000 after purchasing an additional 98 shares during the period. Finally, Canandaigua National Trust Co of Florida bought a new position in Diageo during the 4th quarter worth $269,000. Institutional investors and hedge funds own 8.97% of the company's stock.

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.