Diageo (NYSE:DEO) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• Diageo's stock has received a "sell (d)" rating from Weiss Ratings, while Goldman Sachs upgraded it from a sell to a neutral rating, indicating mixed analyst sentiment towards the stock.
• As of the latest trading session, Diageo's shares are down 0.2%, trading at approximately $95.75, with a significant debt-to-equity ratio of 1.64.
• Investment analysts generally have a consensus rating of "Hold" for Diageo, with an average price target of $119.00 per share.

Diageo (NYSE:DEO - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday, August 7th. Bank of America reduced their price target on shares of Diageo from $117.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, September 26th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $119.00.

Diageo Trading Down 0.2%

Shares of NYSE DEO traded down $0.15 during midday trading on Wednesday, reaching $95.75. The stock had a trading volume of 1,143,403 shares, compared to its average volume of 1,478,177. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo has a twelve month low of $93.42 and a twelve month high of $139.96. The company's 50 day moving average price is $104.35 and its 200 day moving average price is $106.19. The firm has a market cap of $53.27 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Diageo during the 2nd quarter valued at $26,000. Barrett & Company Inc. bought a new position in Diageo in the 1st quarter worth about $27,000. Abound Financial LLC purchased a new position in Diageo in the 1st quarter worth about $27,000. Bell Investment Advisors Inc raised its position in Diageo by 94.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company's stock worth $29,000 after buying an additional 142 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Diageo during the 1st quarter valued at about $30,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

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.

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