Diageo plc (NYSE:DEO) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Diageo plc (NYSE:DEO) have been given a consensus rating of “Reduce” by the eight analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company.

A number of analysts have recently issued reports on the company. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th.

Diageo Price Performance

Shares of DEO stock opened at $121.73 on Tuesday. The firm has a fifty day simple moving average of $132.96 and a 200-day simple moving average of $132.72. Diageo has a twelve month low of $118.35 and a twelve month high of $161.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Diageo by 4.6% in the first quarter. Private Advisor Group LLC now owns 15,289 shares of the company’s stock worth $2,274,000 after purchasing an additional 668 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Diageo by 3.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,374 shares of the company’s stock valued at $651,000 after buying an additional 152 shares during the last quarter. Choreo LLC raised its stake in Diageo by 8.3% during the first quarter. Choreo LLC now owns 2,293 shares of the company’s stock worth $341,000 after acquiring an additional 175 shares during the period. Mutual Advisors LLC raised its stake in Diageo by 25.7% during the first quarter. Mutual Advisors LLC now owns 11,480 shares of the company’s stock worth $1,707,000 after acquiring an additional 2,344 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in Diageo by 3.0% in the first quarter. Rehmann Capital Advisory Group now owns 4,106 shares of the company’s stock valued at $611,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

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.