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Diageo plc (NYSE:DEO) Short Interest Update

Diageo plc (NYSE:DEOGet Rating) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 626,200 shares, an increase of 29.3% from the August 15th total of 484,200 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 396,900 shares, the short-interest ratio is presently 1.6 days.

Analysts Set New Price Targets

A number of research firms have issued reports on DEO. StockNews.com raised Diageo from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Exane BNP Paribas cut Diageo from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 6th. Berenberg Bank boosted their target price on Diageo from GBX 3,900 ($47.12) to GBX 4,160 ($50.27) in a research note on Tuesday, August 2nd. 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. Finally, Morgan Stanley decreased their target price on Diageo from GBX 4,500 ($54.37) to GBX 4,100 ($49.54) in a research note on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Diageo has an average rating of “Hold” and an average target price of $4,198.75.

Institutional Trading of Diageo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Concord Wealth Partners raised its holdings in Diageo by 81.2% during the first quarter. Concord Wealth Partners now owns 125 shares of the company’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in Diageo by 135.5% during the second quarter. Wolff Wiese Magana LLC now owns 146 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC raised its holdings in Diageo by 432.0% during 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 in the last quarter. MCF Advisors LLC bought a new stake in Diageo during the first quarter worth about $27,000. Finally, Standard Family Office LLC bought a new stake in Diageo during the fourth quarter worth about $31,000. Institutional investors own 9.00% of the company’s stock.

Diageo Price Performance

Shares of Diageo stock opened at $173.91 on Friday. The stock’s 50-day moving average is $181.53 and its 200-day moving average is $186.96. Diageo has a one year low of $166.24 and a one year 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.

Diageo Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, August 26th will be issued a $2.2775 dividend. This represents a dividend yield of 2%. This is a positive change from Diageo’s previous semi-annual dividend of $1.57. The ex-dividend date of this dividend is Thursday, August 25th.

Diageo Company Profile

(Get Rating)

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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