Diageo plc (NYSE:DEO – Get Rating) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4,198.75.
A number of research analysts have commented on DEO shares. Barclays boosted their target price on Diageo from GBX 5,040 ($60.90) to GBX 5,430 ($65.61) in a research note on Friday, July 29th. StockNews.com upgraded Diageo from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Morgan Stanley cut their price objective on shares of Diageo from GBX 4,500 ($54.37) to GBX 4,100 ($49.54) in a research report on Tuesday, June 28th. UBS Group boosted their target price on shares of Diageo from GBX 4,300 ($51.96) to GBX 4,500 ($54.37) in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group raised their price target on shares of Diageo from GBX 4,400 ($53.17) to GBX 4,550 ($54.98) in a report on Friday, July 29th.
Institutional Investors Weigh In On Diageo
Several hedge funds and other institutional investors have recently made changes to their positions in DEO. Concord Wealth Partners grew its holdings in Diageo by 81.2% in the 1st quarter. Concord Wealth Partners now owns 125 shares of the company’s stock valued at $25,000 after buying an additional 56 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its stake in shares of Diageo by 432.0% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 133 shares of the company’s stock worth $27,000 after acquiring an additional 108 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Diageo in the first quarter worth $27,000. Standard Family Office LLC bought a new position in Diageo during the fourth quarter worth $31,000. Finally, Wolff Wiese Magana LLC raised its stake in Diageo by 135.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 146 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. 9.00% of the stock is owned by institutional investors and hedge funds.
Diageo Stock Down 0.2 %
Diageo stock opened at $173.91 on Friday. Diageo has a 12 month low of $166.24 and a 12 month high of $223.14. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. The company’s fifty day simple moving average is $181.53 and its 200-day simple moving average is $186.96.
Diageo Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, August 26th will be issued a dividend of $2.2775 per share. This represents a yield of 2%. This is a boost from Diageo’s previous semi-annual dividend of $1.57. The ex-dividend date is Thursday, August 25th.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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