Diageo plc (NYSE:DEO) Receives Consensus Rating of “Reduce” from Analysts

Diageo plc (NYSE:DEO) has received an average recommendation of “Reduce” from the seven analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $166.37.

Separately, Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd.

Institutional Trading of Diageo

Several large investors have recently made changes to their positions in DEO. Scarborough Advisors LLC purchased a new stake in shares of Diageo in the 4th quarter valued at $25,000. Planned Solutions Inc. acquired a new position in shares of Diageo in the 4th quarter valued at $27,000. Concord Wealth Partners acquired a new position in shares of Diageo in the 1st quarter valued at $29,000. Beacon Capital Management LLC lifted its stake in shares of Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Finally, Addison Advisors LLC lifted its stake in shares of Diageo by 97.3% in the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 107 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 1.1 %

NYSE:DEO opened at $126.73 on Wednesday. Diageo has a fifty-two week low of $124.80 and a fifty-two week high of $179.78. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The company’s 50-day simple moving average is $134.49 and its 200-day simple moving average is $141.41.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.