Diageo (NYSE:DEO) Hits New 1-Year Low at $125.08

Diageo plc (NYSE:DEO)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $125.08 and last traded at $125.19, with a volume of 62999 shares trading hands. The stock had previously closed at $125.87.

Analyst Ratings Changes

Separately, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3,730.00.

Diageo Price Performance

The firm’s fifty day moving average is $135.56 and its 200-day moving average is $141.99. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SVB Wealth LLC increased its position in shares of Diageo by 1.8% during the fourth quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock worth $581,000 after acquiring an additional 70 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE increased its position in shares of Diageo by 0.5% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock worth $2,075,000 after acquiring an additional 72 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Diageo by 3.3% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock worth $327,000 after acquiring an additional 72 shares during the last quarter. Fragasso Group Inc. increased its position in shares of Diageo by 2.5% during the first quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock worth $438,000 after acquiring an additional 73 shares during the last quarter. Finally, Avestar Capital LLC increased its position in shares of Diageo by 4.4% during the fourth quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock worth $255,000 after acquiring an additional 74 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

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.