Kepler Capital Markets cut shares of Diageo (NYSE:DEO) from a buy rating to a hold rating in a report published on Tuesday, Briefing.com Automated Import reports.
Several other brokerages have also commented on DEO. Investec raised Standard Chartered from a hold rating to a buy rating in a research note on Monday, March 25th. Zacks Investment Research raised GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Monday, May 27th. Finally, Barclays reaffirmed a sell rating on shares of easyJet in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Diageo presently has a consensus rating of Hold and an average target price of $171.33.
Shares of DEO stock opened at $172.53 on Tuesday. The company has a fifty day moving average of $171.59. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The firm has a market cap of $105.14 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 2.98 and a beta of 0.49. Diageo has a one year low of $131.43 and a one year high of $176.07.
A number of institutional investors have recently bought and sold shares of DEO. Financial Gravity Wealth Inc. acquired a new position in Diageo in the first quarter worth $27,000. Claybrook Capital LLC acquired a new position in Diageo in the fourth quarter worth $30,000. Executive Wealth Management LLC acquired a new position in Diageo in the fourth quarter worth $32,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Diageo by 56.9% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 193 shares of the company’s stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new position in Diageo in the first quarter worth $36,000. 10.38% of the stock is currently owned by institutional investors.
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, Bundaberg, McDowell's No.
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