Shares of Diageo plc (NYSE:DEO - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $126.12, but opened at $122.72. Diageo shares last traded at $122.01, with a volume of 135,214 shares traded.
Wall Street Analyst Weigh In
Several research firms have weighed in on DEO. Bank of America raised shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold".
Read Our Latest Report on Diageo
Diageo Stock Down 3.8 %
The firm's 50 day simple moving average is $123.74 and its 200 day simple moving average is $128.57. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DEO. Lantz Financial LLC lifted its holdings in shares of Diageo by 24.7% in the 2nd quarter. Lantz Financial LLC now owns 11,704 shares of the company's stock valued at $1,476,000 after buying an additional 2,318 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Diageo by 24.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,680 shares of the company's stock valued at $212,000 after acquiring an additional 330 shares during the period. Commonwealth Equity Services LLC boosted its position in Diageo by 11.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 92,608 shares of the company's stock worth $11,676,000 after purchasing an additional 9,694 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of Diageo by 3.3% during the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company's stock worth $326,000 after purchasing an additional 83 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Diageo by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 5,822 shares of the company's stock valued at $734,000 after purchasing an additional 174 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
Before you consider Diageo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diageo wasn't on the list.
While Diageo currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
