Diageo (NYSE:DEO) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

Diageo (NYSE:DEO) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Several other analysts have also weighed in on the stock. Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Diageo has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Stock Down 0.9%

DEO stock opened at $73.42 on Tuesday. The stock’s 50 day simple moving average is $87.41 and its 200 day simple moving average is $90.53. Diageo has a 12-month low of $72.45 and a 12-month high of $116.69. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

Hedge Funds Weigh In On Diageo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Diageo in the 2nd quarter valued at approximately $26,000. Arlington Trust Co LLC boosted its position in Diageo by 3,885.7% during the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after acquiring an additional 272 shares during the period. Spire Wealth Management grew its stake in shares of Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 178 shares in the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Diageo during the third quarter valued at $29,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

About Diageo

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.