Several other brokerages have also recently weighed in on DEO. Beaufort Securities restated a buy rating on shares of Diageo PLC in a report on Sunday, July 31st. Zacks Investment Research cut Diageo PLC from a hold rating to a strong sell rating in a report on Wednesday, October 5th. Liberum Capital initiated coverage on Diageo PLC in a research report on Monday, October 3rd. They set a hold rating for the company. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Finally, Bank of America Corp. reaffirmed a buy rating on shares of Diageo PLC in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $135.78.
Diageo PLC (NYSE:DEO) opened at 112.47 on Wednesday. The stock has a market cap of $70.59 billion, a PE ratio of 24.49 and a beta of 0.78. The company’s 50 day moving average price is $114.32 and its 200 day moving average price is $111.26. Diageo PLC has a 12 month low of $99.59 and a 12 month high of $117.95.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be given a dividend of $0.192 per share. The ex-dividend date is Wednesday, August 10th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock worth $479,163,000 after buying an additional 653,461 shares during the period. Aristotle Capital Management LLC raised its position in Diageo PLC by 3.0% in the second quarter. Aristotle Capital Management LLC now owns 1,523,713 shares of the company’s stock worth $171,997,000 after buying an additional 44,006 shares during the period. Thomaspartners Inc. raised its position in Diageo PLC by 8.7% in the second quarter. Thomaspartners Inc. now owns 1,405,912 shares of the company’s stock worth $158,699,000 after buying an additional 112,510 shares during the period. Markel Corp raised its position in Diageo PLC by 1.2% in the second quarter. Markel Corp now owns 1,302,300 shares of the company’s stock worth $147,004,000 after buying an additional 15,600 shares during the period. Finally, HS Management Partners LLC raised its position in Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock worth $139,686,000 after buying an additional 207,200 shares during the period. 10.97% of the stock is owned by institutional investors.
About Diageo PLC
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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