Diageo (NYSE:DEO) Hits New 12-Month Low – Time to Sell?

Diageo plc (NYSE:DEO)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $112.75 and last traded at $112.58, with a volume of 90209 shares traded. The stock had previously closed at $115.95.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DEO. TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Price Performance

The firm’s 50 day simple moving average is $122.53 and its two-hundred day simple moving average is $126.91. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Institutional Investors Weigh In On Diageo

A number of institutional investors have recently modified their holdings of DEO. GAMMA Investing LLC boosted its stake in Diageo by 14.9% in the third quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock valued at $475,000 after acquiring an additional 440 shares during the period. Diversified Trust Co bought a new stake in shares of Diageo in the 3rd quarter worth approximately $247,000. Atomi Financial Group Inc. boosted its position in Diageo by 5.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,862 shares of the company’s stock valued at $402,000 after purchasing an additional 157 shares during the period. Marcum Wealth LLC boosted its position in Diageo by 19.7% during the 3rd quarter. Marcum Wealth LLC now owns 2,488 shares of the company’s stock valued at $349,000 after purchasing an additional 410 shares during the period. Finally, Bruce G. Allen Investments LLC grew its stake in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

About Diageo

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.