Diageo plc (NYSE:DEO) Receives Average Recommendation of "Hold" from Brokerages

Diageo plc (NYSE:DEO - Get Free Report) has received a consensus recommendation of "Hold" from the eight brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $129.00.

DEO has been the topic of several recent research reports. Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report 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.

Diageo Stock Performance

Shares of DEO stock traded down $0.57 on Monday, hitting $107.85. 1,363,750 shares of the stock were exchanged, compared to its average volume of 843,778. The firm's 50 day moving average is $114.90 and its two-hundred day moving average is $123.90. Diageo has a one year low of $105.72 and a one year high of $151.76. The firm has a market capitalization of $60.00 billion, a PE ratio of 15.75, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Remove Ads

Diageo Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC bought a new position in Diageo in the 3rd quarter worth about $1,144,000. Assetmark Inc. increased its position in shares of Diageo by 160.7% in the third quarter. Assetmark Inc. now owns 14,235 shares of the company's stock worth $1,998,000 after purchasing an additional 8,775 shares during the last quarter. Atria Investments Inc raised its stake in Diageo by 28.3% in the third quarter. Atria Investments Inc now owns 59,211 shares of the company's stock valued at $8,310,000 after purchasing an additional 13,061 shares in the last quarter. Sigma Planning Corp lifted its position in Diageo by 14.5% during the third quarter. Sigma Planning Corp now owns 5,965 shares of the company's stock valued at $837,000 after purchasing an additional 754 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC grew its stake in Diageo by 103.2% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 5,642 shares of the company's stock worth $792,000 after buying an additional 2,866 shares in the last quarter. Institutional investors own 8.97% of the company's stock.

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.