Diageo (DEO) Getting Somewhat Favorable Media Coverage, Study Shows

News headlines about Diageo (NYSE:DEO) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Diageo earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.9168710376327 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

• Goelzer Investment Management INC Lowered Its Diageo PLC (DEO) Position by $4.67 Million (thecasualsmart.com)
• Find Hidden Financial Traces with the Analysis for Diageo plc (DEO) and Vedanta Limited (VEDL) (finherald.com)
• Diageo (DEO) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
• How Anheuser-Busch InBev and Diageo are revolutionising drinks marketing – Consumer Trends (just-drinks.com)
• Diageo plc (DEO) Sees Significant Decline in Short Interest (americanbankingnews.com)

DEO has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. Finally, Natixis cut shares of Diageo from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $153.00.

Shares of Diageo stock traded down $0.52 on Friday, hitting $139.17. 452,322 shares of the company traded hands, compared to its average volume of 339,876. The stock has a market cap of $86,603.55, a P/E ratio of 25.21, a PEG ratio of 2.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63. Diageo has a 52 week low of $113.67 and a 52 week high of $147.62.

The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be given a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Diageo’s payout ratio is currently 62.14%.

Diageo Company Profile

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.

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