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

Diageo plc (NYSE:DEO) has been given an average rating of “Hold” by the ten analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $129.00.

Several brokerages recently commented on DEO. Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating for the company. Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

Diageo Stock Performance

Shares of DEO stock opened at $102.31 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo has a 52 week low of $100.72 and a 52 week high of $142.73. The company’s 50 day moving average price is $110.26 and its two-hundred day moving average price is $113.69. The company has a market capitalization of $56.92 billion, a P/E ratio of 14.94 and a beta of 0.58.

Hedge Funds Weigh In On Diageo

A number of institutional investors have recently added to or reduced their stakes in the stock. CoreFirst Bank & Trust bought a new stake in shares of Diageo during the fourth quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in Diageo during the 4th quarter worth approximately $25,000. Perkins Coie Trust Co bought a new stake in Diageo during the 1st quarter worth approximately $27,000. Barrett & Company Inc. acquired a new position in Diageo in the 1st quarter valued at approximately $27,000. Finally, Abound Financial LLC acquired a new position in Diageo in the 1st quarter valued at approximately $27,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

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.