Diageo plc (NYSE:DEO - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $108.19 and last traded at $108.36, with a volume of 1166166 shares. The stock had previously closed at $110.49.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group raised 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 assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Diageo has a consensus rating of "Hold" and an average price target of $129.00.
Check Out Our Latest Research Report on Diageo
Diageo Stock Down 1.8 %
The stock has a 50 day moving average of $121.39 and a 200-day moving average of $126.16. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.
Diageo Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th.
Institutional Trading of Diageo
Several institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in Diageo in the third quarter valued at approximately $25,000. CoreFirst Bank & Trust acquired a new position in shares of Diageo in the 4th quarter valued at $25,000. Eastern Bank boosted its holdings in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after buying an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in Diageo during the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC purchased a new position in Diageo in the fourth quarter valued at $36,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.
Diageo Company Profile
(
Get Free Report)
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.
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