Diageo (NYSE:DEO) Reaches New 12-Month Low - What's Next?

Key Points

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Diageo plc (NYSE:DEO - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $99.16 and last traded at $99.07, with a volume of 41073 shares. The stock had previously closed at $102.82.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $129.00.

Diageo Stock Performance

The company's fifty day moving average price is $104.31 and its 200 day moving average price is $108.80. The company has a market cap of $54.19 billion, a PE ratio of 14.22 and a beta of 0.53. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Institutional Trading of Diageo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in Diageo by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company's stock valued at $271,000 after buying an additional 89 shares during the period. SageView Advisory Group LLC grew its position in Diageo by 1.7% during the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company's stock valued at $571,000 after buying an additional 89 shares during the period. GeoWealth Management LLC grew its position in Diageo by 1.3% during the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after buying an additional 92 shares during the period. Aptus Capital Advisors LLC grew its position in Diageo by 5.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after buying an additional 95 shares during the period. Finally, Grove Bank & Trust grew its position in Diageo by 1.3% during the first quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock valued at $792,000 after buying an additional 98 shares during the period. 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. 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.