Brokerages Set Diageo plc (NYSE:DEO) PT at $129.00

Shares of Diageo plc (NYSE:DEO) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $129.00.

Several equities research analysts have recently commented on the stock. Berenberg Bank assumed coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating for the company. Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a research report on Monday, May 12th.

Institutional Trading of Diageo

A number of hedge funds have recently modified their holdings of DEO. FMR LLC increased its position in Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after purchasing an additional 571,873 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock worth $330,627,000 after acquiring an additional 1,822,994 shares during the last quarter. Royal Bank of Canada grew its holdings in Diageo by 0.3% during the 4th quarter. Royal Bank of Canada now owns 1,540,800 shares of the company’s stock worth $195,883,000 after acquiring an additional 3,876 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Diageo by 3.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,441,300 shares of the company’s stock worth $151,034,000 after acquiring an additional 42,740 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after acquiring an additional 1,296,285 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 0.3%

Shares of DEO stock opened at $101.63 on Friday. Diageo has a 12-month low of $99.26 and a 12-month high of $142.73. The company has a market capitalization of $56.54 billion, a P/E ratio of 14.84 and a beta of 0.56. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $107.03 and a 200 day moving average price of $110.50.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.