Diageo plc (NYSE:DEO) Receives $129.00 Consensus Price Target from Analysts

Shares of Diageo plc (NYSE:DEO - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $129.00.

Several research firms have issued reports on DEO. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Berenberg Bank started coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th.

Hedge Funds Weigh In On Diageo

A number of institutional investors have recently bought and sold shares of the stock. Jacobi Capital Management LLC lifted its holdings in Diageo by 16.5% in the 1st quarter. Jacobi Capital Management LLC now owns 7,034 shares of the company's stock worth $737,000 after purchasing an additional 994 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Diageo by 19.3% in the first quarter. Geneos Wealth Management Inc. now owns 8,184 shares of the company's stock valued at $858,000 after acquiring an additional 1,326 shares during the period. Integrity Alliance LLC. bought a new stake in shares of Diageo during the first quarter worth $332,000. SageView Advisory Group LLC grew its holdings in shares of Diageo by 1.7% during the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company's stock worth $571,000 after purchasing an additional 89 shares during the last quarter. Finally, Semmax Financial Advisors Inc. grew its holdings in shares of Diageo by 11.6% during the first quarter. Semmax Financial Advisors Inc. now owns 20,435 shares of the company's stock worth $2,358,000 after purchasing an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

Diageo stock traded up $0.68 during mid-day trading on Friday, reaching $109.88. 670,685 shares of the company traded hands, compared to its average volume of 945,989. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo has a fifty-two week low of $100.72 and a fifty-two week high of $142.73. The company has a market capitalization of $61.13 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The firm's fifty day moving average is $109.68 and its two-hundred day moving average is $115.02.

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.