Diageo PLC (NYSE:DEO)‘s stock had its “outperform” rating restated by stock analysts at Credit Agricole SA in a note issued to investors on Wednesday.
Several other analysts have also recently commented on DEO. Societe Generale raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Zacks Investment Research cut Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Barclays PLC cut Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Bank of America Corp. reaffirmed a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $135.78.
Shares of Diageo PLC (NYSE:DEO) traded down 0.88% during mid-day trading on Wednesday, reaching $112.66. The company had a trading volume of 556,117 shares. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95. The company has a market capitalization of $70.70 billion, a PE ratio of 24.53 and a beta of 0.78. The stock’s 50-day moving average price is $114.41 and its 200 day moving average price is $111.14.
The firm also recently disclosed a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th will be given a $0.192 dividend. The ex-dividend date is Wednesday, August 10th.
Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock worth $479,163,000 after buying an additional 653,461 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Diageo PLC by 229.4% in the first quarter. JPMorgan Chase & Co. now owns 696,771 shares of the company’s stock worth $75,160,000 after buying an additional 485,237 shares during the period. Douglas Lane & Associates LLC purchased a new stake in Diageo PLC during the first quarter worth about $45,840,000. HS Management Partners LLC increased its stake in Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock worth $139,686,000 after buying an additional 207,200 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Diageo PLC during the second quarter worth about $20,264,000. 10.97% of the stock is owned by institutional investors and hedge funds.
Diageo PLC Company Profile