Diageo (DEO) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Diageo (NYSE:DEO) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

DEO has been the subject of a number of other reports. Zacks Investment Research cut shares of Diageo from a buy rating to a hold rating in a research note on Friday, January 19th. Royal Bank of Canada cut shares of Diageo from an outperform rating to a sector perform rating in a research note on Monday, January 29th. They noted that the move was a valuation call. BNP Paribas cut shares of Diageo from an outperform rating to a neutral rating in a research note on Monday, January 29th. Macquarie upgraded shares of Diageo from an underperform rating to a neutral rating in a research note on Wednesday, February 7th. Finally, Natixis cut shares of Diageo from a buy rating to a neutral rating in a research note on Wednesday, March 7th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $153.00.

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NYSE DEO traded up $0.58 during trading on Thursday, reaching $142.03. The company’s stock had a trading volume of 58,231 shares, compared to its average volume of 422,595. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $87,972.57, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.93 and a beta of 0.70. Diageo has a 1-year low of $113.67 and a 1-year high of $147.62.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd were paid a $1.4232 dividend. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 22nd. Diageo’s payout ratio is 61.78%.

Several institutional investors have recently modified their holdings of the company. D.B. Root & Company LLC acquired a new stake in shares of Diageo in the fourth quarter worth $815,000. Colonial Trust Advisors lifted its stake in shares of Diageo by 13.8% in the fourth quarter. Colonial Trust Advisors now owns 31,756 shares of the company’s stock worth $4,637,000 after buying an additional 3,857 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Diageo by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 220,700 shares of the company’s stock worth $32,229,000 after buying an additional 4,097 shares during the last quarter. Stony Point Wealth Management Inc. acquired a new stake in shares of Diageo in the fourth quarter worth $1,009,000. Finally, We Are One Seven LLC acquired a new stake in shares of Diageo in the fourth quarter worth $922,000. Institutional investors and hedge funds own 11.86% of the company’s stock.

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Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Diageo (NYSE:DEO)

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