Todays Report: Today: Diageo PLC (DEO) Receives New Coverage from Analysts at Macquarie

Today: Diageo PLC (DEO) Receives New Coverage from Analysts at Macquarie

Equities research analysts at Macquarie began coverage on shares of Diageo PLC (NYSE:DEO) in a research note issued on Monday. The brokerage set an “underperform” rating on the stock.

A number of other research analysts have also commented on the stock. HSBC upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Jefferies Group reiterated a “buy” rating on shares of Diageo PLC in a research report on Tuesday, October 18th. reiterated an “outperform” rating on shares of Diageo PLC in a research report on Wednesday, October 5th. Zacks Investment Research lowered shares of Diageo PLC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. Finally, Liberum Capital began coverage on shares of Diageo PLC in a research report on Monday, October 3rd. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Diageo PLC has a consensus rating of “Hold” and a consensus price target of $135.78.

Shares of Diageo PLC (NYSE:DEO) traded down 0.56% during mid-day trading on Monday, reaching $101.27. The company’s stock had a trading volume of 156,076 shares. The company’s 50-day moving average is $105.68 and its 200 day moving average is $110.40. The firm has a market cap of $63.56 billion, a price-to-earnings ratio of 23.06 and a beta of 0.80. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $117.84.

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in shares of Diageo PLC during the third quarter valued at about $166,731,000. HS Management Partners LLC boosted its position in shares of Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock valued at $139,686,000 after buying an additional 207,200 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Diageo PLC during the second quarter valued at about $20,264,000. Bank of Montreal Can bought a new position in shares of Diageo PLC during the second quarter valued at about $16,434,000. Finally, FMR LLC boosted its position in shares of Diageo PLC by 158.4% in the second quarter. FMR LLC now owns 227,851 shares of the company’s stock valued at $25,720,000 after buying an additional 139,666 shares in the last quarter. 13.52% of the stock is owned by hedge funds and other institutional investors.

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