Brokerages Set Diageo PLC (NYSE:DEO) PT at $147.50
Shares of Diageo PLC (NYSE:DEO) have earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $147.50.
DEO has been the topic of several recent analyst reports. BidaskClub cut shares of Diageo PLC from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Sanford C. Bernstein upgraded shares of Diageo PLC from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $142.36 to $153.00 in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Jefferies Group LLC set a $142.00 price target on shares of Diageo PLC and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. cut shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its position in Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock valued at $116,000 after buying an additional 738 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Diageo PLC during the first quarter valued at $118,000. Glassman Wealth Services boosted its position in Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock valued at $136,000 after buying an additional 92 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Diageo PLC by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock valued at $137,000 after buying an additional 1,013 shares in the last quarter. 12.07% of the stock is owned by institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded down 0.31% during trading on Friday, hitting $132.55. 400,264 shares of the stock were exchanged. The firm has a 50 day moving average of $121.35 and a 200-day moving average of $117.22. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $133.17. The stock has a market cap of $83.27 billion, a PE ratio of 24.22 and a beta of 0.76.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be paid a dividend of $2.0322 per share. This represents a yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date of this dividend is Wednesday, August 9th.
About Diageo PLC
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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