Diageo PLC (DEO) Sees Large Volume Increase
Diageo PLC (NYSE:DEO) saw an uptick in trading volume on Tuesday . 666,728 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 500,847 shares.The stock last traded at $113.12 and had previously closed at $114.91.
Several research firms have commented on DEO. Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a research report on Sunday, July 31st. Barclays PLC lowered Diageo PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Societe Generale restated a “sell” rating on shares of Diageo PLC in a research report on Wednesday, June 1st. HSBC reaffirmed a “hold” rating on shares of Diageo PLC in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. raised Diageo PLC from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 28th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Diageo PLC presently has a consensus rating of “Hold” and a consensus price target of $128.86.
The firm has a 50-day moving average price of $114.44 and a 200-day moving average price of $109.56. The firm has a market capitalization of $70.54 billion and a price-to-earnings ratio of 24.14.
The firm also recently declared a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be paid a $0.192 dividend. The ex-dividend date is Wednesday, August 10th.
A hedge fund recently raised its stake in Diageo PLC stock. Bank of Montreal Can raised its position in shares of Diageo PLC (NYSE:DEO) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 134,704 shares of the company’s stock after buying an additional 19,961 shares during the period. Bank of Montreal Can’s holdings in Diageo PLC were worth $14,691,000 at the end of the most recent reporting period.
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.
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