Diageo (NYSE:DEO) Stock Rating Lowered by HSBC

Diageo (NYSE:DEO) was downgraded by investment analysts at HSBC from a “buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat.com reports.

Several other research firms have also commented on DEO. Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the company an “outperform” rating in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Barclays restated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Finally, UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Trading Down 2.8%

NYSE:DEO opened at $84.09 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo has a 12 month low of $82.25 and a 12 month high of $116.69. The company has a 50 day simple moving average of $91.48 and a two-hundred day simple moving average of $95.03.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in Diageo during the second quarter valued at about $26,000. Arlington Trust Co LLC lifted its holdings in Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in Diageo by 94.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. New England Capital Financial Advisors LLC bought a new position in Diageo in the 3rd quarter worth approximately $29,000. Finally, Spire Wealth Management grew its holdings in Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 178 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

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.