Diageo plc (NYSE:DEO) Short Interest Update

Diageo plc (NYSE:DEO) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 2,464,158 shares, a decline of 14.4% from the December 31st total of 2,880,062 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,155,558 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 2,155,558 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DEO shares. Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Wednesday, January 21st. UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Finally, Barclays reaffirmed an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.50.

Diageo Stock Up 1.2%

Shares of DEO opened at $93.11 on Wednesday. The business’s fifty day moving average price is $88.94 and its two-hundred day moving average price is $96.48. Diageo has a 52 week low of $84.52 and a 52 week high of $117.53. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Institutional Trading of Diageo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DEO. Federated Hermes Inc. increased its stake in Diageo by 7.2% during the 3rd quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after purchasing an additional 48,909 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Diageo in the second quarter valued at approximately $310,000. Osaic Holdings Inc. boosted its holdings in shares of Diageo by 42.2% in the second quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock valued at $10,099,000 after buying an additional 29,674 shares during the period. Confluence Investment Management LLC increased its position in shares of Diageo by 0.9% during the third quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after acquiring an additional 12,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Diageo by 353.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 717,740 shares of the company’s stock worth $72,377,000 after acquiring an additional 559,547 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.