Diageo plc (NYSE:DEO) Receives $120.67 Consensus Target Price from Analysts

Diageo plc (NYSE:DEO) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $116.50.

A number of research firms have recently commented on DEO. Barclays reiterated an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. UBS Group reissued a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. Bank of America reduced their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th.

Diageo Stock Up 2.1%

NYSE DEO opened at $86.93 on Friday. Diageo has a 12 month low of $84.52 and a 12 month high of $125.94. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm’s fifty day moving average price is $89.76 and its 200 day moving average price is $98.13.

Institutional Trading of Diageo

A number of hedge funds have recently added to or reduced their stakes in the stock. SageView Advisory Group LLC increased its holdings in shares of Diageo by 1.7% in the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock valued at $571,000 after purchasing an additional 89 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in Diageo by 3.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock valued at $331,000 after buying an additional 96 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake in Diageo by 2.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock valued at $357,000 after buying an additional 101 shares during the period. Integrated Advisors Network LLC raised its position in Diageo by 3.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock worth $297,000 after buying an additional 104 shares during the last quarter. Finally, Pavion Blue Capital LLC boosted its holdings in shares of Diageo by 0.4% in the second quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock valued at $2,659,000 after acquiring an additional 112 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

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.