Diageo (NYSE:DEO) Reaches New 12-Month Low - Time to Sell?

Diageo plc (NYSE:DEO - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $112.75 and last traded at $112.58, with a volume of 90209 shares changing hands. The stock had previously closed at $115.95.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen increased 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. Finally, Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Performance

The company has a 50-day moving average price of $122.35 and a two-hundred day moving average price of $126.77. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock valued at $1,143,000 after purchasing an additional 85 shares during the period. Alliance Wealth Advisors LLC UT grew its position in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock valued at $430,000 after buying an additional 86 shares during the period. Savant Capital LLC boosted its position in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after purchasing an additional 88 shares in the last quarter. Diversified Trust Co grew 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, Malaga Cove Capital LLC increased its position in shares of Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock valued at $421,000 after buying an additional 100 shares in the last quarter. Institutional investors 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.