Diageo (NYSE:DEO – Get Free Report) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Briefing.com reports.
Diageo Trading Up 0.3 %
Diageo stock opened at $126.26 on Wednesday. Diageo has a 12 month low of $124.80 and a 12 month high of $179.78. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The business’s 50 day simple moving average is $135.85 and its 200 day simple moving average is $142.11.
Institutional Investors Weigh In On Diageo
A number of institutional investors and hedge funds have recently made changes to their positions in DEO. Scarborough Advisors LLC bought a new position in Diageo in the fourth quarter valued at $25,000. Planned Solutions Inc. bought a new position in shares of Diageo during the fourth quarter valued at about $27,000. Concord Wealth Partners bought a new position in shares of Diageo during the first quarter valued at about $29,000. Beacon Capital Management LLC grew its stake in shares of Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. Hedge funds and other 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. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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