Diageo plc (NYSE:DEO - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $114.19, but opened at $111.37. Diageo shares last traded at $112.93, with a volume of 118,311 shares changing hands.
Analyst Upgrades and Downgrades
DEO has been the topic of a number of recent research reports. TD Cowen lifted 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 report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $129.00.
View Our Latest Analysis on Diageo
Diageo Stock Performance
The firm has a market capitalization of $62.75 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The stock has a 50-day moving average of $115.90 and a 200 day moving average of $124.37. 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 Dividend Announcement
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio (DPR) is presently 46.42%.
Institutional Investors Weigh In On Diageo
A number of large investors have recently bought and sold shares of DEO. Brooklyn Investment Group bought a new stake in Diageo during the 3rd quarter worth approximately $25,000. CoreFirst Bank & Trust acquired a new position in Diageo during the 4th quarter worth $25,000. Orion Capital Management LLC acquired a new position in Diageo during the 4th quarter worth $25,000. Eastern Bank lifted its holdings in Diageo by 107.8% during the 4th 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. Finally, BNP Paribas acquired a new position in Diageo during the 4th quarter worth $32,000. 8.97% of the stock is currently owned by institutional investors.
About Diageo
(
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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