Investors Sell Shares of Diageo PLC (DEO) on Strength (DEO)
Traders sold shares of Diageo PLC (NYSE:DEO) on strength during trading on Thursday. $11.85 million flowed into the stock on the tick-up and $35.22 million flowed out of the stock on the tick-down, for a money net flow of $23.37 million out of the stock. Of all equities tracked, Diageo PLC had the 0th highest net out-flow for the day. Diageo PLC traded up $0.85 for the day and closed at $115.81
Several equities research analysts recently commented on DEO shares. Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a research note on Sunday, July 31st. Barclays PLC cut Diageo PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 8th. Societe Generale raised Diageo PLC from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Zacks Investment Research cut Diageo PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, HSBC reaffirmed a “hold” rating on shares of Diageo PLC in a research note on Thursday, June 30th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $128.86.
The firm has a market cap of $72.53 billion and a price-to-earnings ratio of 24.50. The company has a 50 day moving average price of $112.15 and a 200 day moving average price of $108.36.
The firm also recently declared a dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th will be given a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.
A number of hedge funds and institutional investors have added to or reduced their stakes in DEO. Trexquant Investment LP raised its position in Diageo PLC by 352.0% in the fourth quarter. Trexquant Investment LP now owns 11,300 shares of the company’s stock worth $1,232,000 after buying an additional 8,800 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of Diageo PLC by 29.8% in the third quarter. Buckingham Capital Management Inc. now owns 13,906 shares of the company’s stock valued at $1,499,000 after buying an additional 3,196 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Diageo PLC by 20.8% in the fourth quarter. Suntrust Banks Inc. now owns 24,800 shares of the company’s stock valued at $2,704,000 after buying an additional 4,278 shares in the last quarter. MUFG Americas raised its position in shares of Diageo PLC by 2.8% in the third quarter. MUFG Americas now owns 29,319 shares of the company’s stock valued at $3,160,000 after buying an additional 789 shares in the last quarter. Finally, Tradition Capital Management LLC raised its position in shares of Diageo PLC by 1.3% in the fourth quarter. Tradition Capital Management LLC now owns 30,382 shares of the company’s stock valued at $3,313,000 after buying an additional 385 shares in the last quarter.
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.