Analysts Set Diageo plc (NYSE:DEO) PT at $129.00

Key Points

• Diageo plc has garnered an average recommendation of "Hold" from eight research firms, with varying ratings including one sell, three hold, and four buy ratings.
• The company's average 1-year target price is set at $129.00 according to broker reports.
• Institutional investors have recently increased their holdings in Diageo, now owning 8.97% of the company’s stock, indicating growing confidence from larger investment entities.

Shares of Diageo plc (NYSE:DEO - Get Free Report) have earned an average rating of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $129.00.

Several research firms have recently issued reports on DEO. The Goldman Sachs Group upgraded Diageo from a "sell" rating to a "neutral" rating in a report on Thursday. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th.

Hedge Funds Weigh In On Diageo

Hedge funds and other institutional investors have recently modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of Diageo during the fourth quarter worth about $25,000. Perkins Coie Trust Co purchased a new position in Diageo in the 1st quarter worth approximately $27,000. Barrett & Company Inc. acquired a new stake in Diageo in the first quarter valued at approximately $27,000. Abound Financial LLC purchased a new stake in shares of Diageo during the first quarter valued at approximately $27,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Diageo during the first quarter worth $30,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Trading Up 0.4%

Shares of Diageo stock traded up $0.39 during mid-day trading on Thursday, hitting $109.39. 1,049,914 shares of the stock were exchanged, compared to its average volume of 1,116,594. The stock has a market capitalization of $60.86 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 3.24 and a beta of 0.53. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo has a twelve month low of $96.45 and a twelve month high of $142.73. The company has a 50-day simple moving average of $103.90 and a 200 day simple moving average of $108.43.

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.