Diageo (NYSE:DEO) Price Target Raised to $129.00

Diageo (NYSE:DEO - Free Report) had its price objective hoisted by TD Cowen from $124.00 to $129.00 in a research report released on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other research firms have also recently issued reports 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 shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Two 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Trading Up 0.4 %

NYSE DEO traded up $0.52 during trading hours on Wednesday, hitting $125.40. 620,682 shares of the company's stock were exchanged, compared to its average volume of 1,065,316. The business's 50 day moving average is $123.24 and its 200-day moving average is $128.40. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo has a 12-month low of $117.72 and a 12-month high of $154.71. The firm has a market capitalization of $69.76 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67.

Institutional Trading of Diageo

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in shares of Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company's stock worth $104,443,000 after buying an additional 729,166 shares during the period. Natixis Advisors LLC boosted its holdings in Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock worth $133,240,000 after acquiring an additional 487,904 shares during the period. FMR LLC grew its position in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company's stock valued at $65,939,000 after purchasing an additional 420,778 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Diageo by 52.3% during the third quarter. Raymond James & Associates now owns 853,640 shares of the company's stock valued at $119,800,000 after purchasing an additional 293,017 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Company Profile

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.