#4 - Diageo (NYSE:DEO)
Diageo plc (NYSE: DEO) is a manufacturer of spirits that’s headquartered in the United Kingdom. The company’s portfolio of over 200 brands includes many iconic names such as Captain Morgan, Johnnie Walker, Casamigos, Guinness, Seargram, and Bulleit.
In a volatile year, the company’s full year projections show a low single-digit decline in organic volume. However, the company has a strong balance sheet that is reflected in the company’s ability to increase its free cash flow which resulted in an increase to the company’s dividend. The 4.2% yield on that dividend is another factor that makes Diageo stock attractive to investors.
DEO stock is down approximately 18% in 2024, making it one of the worst-performing stocks in the category. But even while maintaining a consensus Hold rating on the stock, analysts give the stock a consensus price target of $139.88 which would be a 17.5% gain from the stock’s closing price on November 18, 2024.
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.
Read More - Current Price
- $118.92
- Consensus Rating
- Reduce
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- N/A
