Diageo plc (NYSE:DEO) Given Average Recommendation of “Reduce” by Analysts

Diageo plc (NYSE:DEO) has received a consensus rating of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company.

A number of research analysts have recently issued reports on DEO shares. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th.

Institutional Investors Weigh In On Diageo

A number of hedge funds have recently modified their holdings of DEO. Russell Investments Group Ltd. grew its position in shares of Diageo by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock valued at $169,000 after acquiring an additional 340 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Diageo by 2.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock valued at $10,988,000 after buying an additional 1,454 shares in the last quarter. Hancock Whitney Corp purchased a new position in shares of Diageo during the 1st quarter valued at $292,000. Cetera Investment Advisers lifted its stake in shares of Diageo by 461.4% during the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock valued at $10,506,000 after buying an additional 58,048 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Diageo by 167.7% during the 1st quarter. Cetera Advisors LLC now owns 10,417 shares of the company’s stock valued at $1,549,000 after buying an additional 6,525 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 0.2 %

Diageo stock opened at $119.62 on Friday. The business’s 50 day simple moving average is $129.03 and its 200 day simple moving average is $130.21. Diageo has a 12 month low of $117.72 and a 12 month high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

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.