Diageo (NYSE:DEO) Sets New 1-Year Low - What's Next?

Diageo plc (NYSE:DEO - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $105.23 and last traded at $106.29, with a volume of 1642224 shares. The stock had previously closed at $108.13.

Analysts Set New Price Targets

DEO has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Stock Performance

The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The stock's 50-day simple moving average is $112.65 and its 200 day simple moving average is $122.68.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's payout ratio is currently 46.42%.

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Institutional Investors Weigh In On Diageo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter valued at $25,000. CoreFirst Bank & Trust acquired a new stake in Diageo in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new position in shares of Diageo in the fourth quarter worth about $25,000. Eastern Bank raised its stake in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Finally, BNP Paribas acquired a new position in shares of Diageo during the fourth quarter worth approximately $32,000. 8.97% of the stock is owned by institutional investors and hedge funds.

About Diageo

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.