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

Diageo plc (NYSE:DEO - Get Free Report) has been given a consensus recommendation of "Hold" by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $129.00.

A number of research analysts recently issued reports on DEO shares. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank assumed coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock.

Diageo Trading Up 1.6%

DEO traded up $1.64 during trading on Friday, hitting $103.21. The company's stock had a trading volume of 1,367,611 shares, compared to its average volume of 1,041,356. The firm has a market capitalization of $57.42 billion, a P/E ratio of 15.07 and a beta of 0.56. Diageo has a twelve month low of $99.26 and a twelve month high of $142.73. The stock's fifty day moving average price is $107.03 and its 200-day moving average price is $110.50. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Institutional Trading of Diageo

Several hedge funds have recently bought and sold shares of DEO. Brighton Jones LLC acquired a new position in shares of Diageo during the fourth quarter valued at about $202,000. Charles Schwab Investment Management Inc. lifted its position in Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after acquiring an additional 3,964 shares in the last quarter. King Luther Capital Management Corp acquired a new position in Diageo during the 4th quarter valued at about $206,000. Wealthfront Advisers LLC bought a new stake in Diageo during the 4th quarter worth approximately $276,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Diageo by 2.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock worth $475,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

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.