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.
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.
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