Diageo (DEO) Downgraded to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein cut shares of Diageo (NYSE:DEO) from an outperform rating to a market perform rating in a report issued on Friday, MarketBeat reports. The firm currently has $149.00 price objective on the stock.

DEO has been the topic of a number of other research reports. Citigroup upgraded shares of Diageo from a neutral rating to a buy rating in a research report on Friday, May 4th. Kepler Capital Markets upgraded shares of Diageo from a hold rating to a buy rating in a research report on Friday, May 4th. Zacks Investment Research upgraded shares of Diageo from a hold rating to a buy rating and set a $150.00 target price on the stock in a research report on Tuesday, March 6th. ValuEngine lowered shares of Diageo from a buy rating to a hold rating in a research report on Monday, May 7th. Finally, Macquarie upgraded shares of Diageo from a neutral rating to an outperform rating in a research report on Thursday, June 21st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Diageo presently has a consensus rating of Hold and an average target price of $152.00.

Diageo traded up $0.01, reaching $144.01, on Friday, according to MarketBeat. The company had a trading volume of 438,935 shares, compared to its average volume of 436,179. Diageo has a fifty-two week low of $117.73 and a fifty-two week high of $148.85. The firm has a market cap of $89.61 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31.

Several institutional investors have recently modified their holdings of the company. Griffin Asset Management Inc. lifted its holdings in shares of Diageo by 3.0% during the 1st quarter. Griffin Asset Management Inc. now owns 12,378 shares of the company’s stock worth $1,676,000 after acquiring an additional 365 shares during the period. M Holdings Securities Inc. lifted its holdings in shares of Diageo by 13.3% during the 4th quarter. M Holdings Securities Inc. now owns 3,262 shares of the company’s stock worth $1,690,000 after acquiring an additional 382 shares during the period. Glenview Trust Co lifted its holdings in shares of Diageo by 7.6% during the 1st quarter. Glenview Trust Co now owns 5,425 shares of the company’s stock worth $735,000 after acquiring an additional 383 shares during the period. Commerce Bank lifted its holdings in shares of Diageo by 3.0% during the 4th quarter. Commerce Bank now owns 16,572 shares of the company’s stock worth $2,420,000 after acquiring an additional 478 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Diageo by 1.6% during the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 34,945 shares of the company’s stock worth $4,732,000 after acquiring an additional 555 shares during the period. 11.66% of the stock is owned by institutional investors.

About Diageo

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.

Analyst Recommendations for Diageo (NYSE:DEO)

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