Diageo plc (NYSE:DEO) Given Consensus Recommendation of "Hold" by Brokerages

Diageo plc (NYSE:DEO - Get Free Report) has been given a consensus rating of "Hold" by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $129.00.

A number of equities research analysts have weighed in on DEO shares. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DEO. Brighton Jones LLC bought a new stake in Diageo in the fourth quarter worth approximately $202,000. Savant Capital LLC raised its position in Diageo by 5.0% in the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after buying an additional 88 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Diageo by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,862 shares of the company's stock valued at $361,000 after buying an additional 539 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Diageo by 9.6% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 2,641 shares of the company's stock valued at $336,000 after acquiring an additional 231 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Diageo by 3.6% during the 4th quarter. Sanctuary Advisors LLC now owns 77,710 shares of the company's stock worth $9,447,000 after acquiring an additional 2,702 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 0.6%

Diageo stock traded down $0.66 during trading hours on Wednesday, hitting $101.62. The stock had a trading volume of 748,082 shares, compared to its average volume of 959,339. The stock has a market cap of $56.53 billion, a price-to-earnings ratio of 14.83 and a beta of 0.58. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The business's 50 day simple moving average is $110.15 and its 200-day simple moving average is $113.61. Diageo has a one year low of $100.72 and a one year high of $142.73.

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.