Diageo PLC’s (DEO) Outperform Rating Reiterated at Credit Agricole SA
Other equities analysts have also issued research reports about the company. Bank of America Corp. reissued a buy rating on shares of Diageo PLC in a research note on Friday, September 16th. JPMorgan Chase & Co. reissued a buy rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Beaufort Securities reissued a buy rating on shares of Diageo PLC in a research note 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. Finally, Liberum Capital started coverage on Diageo PLC in a research report on Monday, October 3rd. They issued a hold rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $135.78.
Shares of Diageo PLC (NYSE:DEO) traded up 0.07% during midday trading on Wednesday, hitting $112.74. The stock had a trading volume of 135,863 shares. Diageo PLC has a one year low of $99.59 and a one year high of $117.95. The firm has a 50 day moving average price of $114.41 and a 200 day moving average price of $111.14. The stock has a market cap of $70.76 billion, a PE ratio of 24.55 and a beta of 0.78.
The firm also recently declared a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th will be issued a $0.192 dividend. The ex-dividend date is Wednesday, August 10th.
Several hedge funds have recently bought and sold shares of DEO. Wellington Management Group LLP boosted its stake in Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock valued at $479,163,000 after buying an additional 653,461 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Diageo PLC by 229.4% in the first quarter. JPMorgan Chase & Co. now owns 696,771 shares of the company’s stock valued at $75,160,000 after buying an additional 485,237 shares in the last quarter. HS Management Partners LLC boosted its position in shares of Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock valued at $139,686,000 after buying an additional 207,200 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Diageo PLC during the second quarter valued at about $20,264,000. Finally, Bank of Montreal Can purchased a new position in shares of Diageo PLC during the second quarter valued at about $16,434,000. 10.97% of the stock is owned by institutional investors and hedge funds.
Diageo PLC Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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