Diageo (NYSE:DEO) Receives Neutral Rating from UBS Group

Diageo (NYSE:DEO)‘s stock had its “neutral” rating reissued by investment analysts at UBS Group in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

A number of other research firms have also recently weighed in on DEO. Bank of America cut their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research report on Friday. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average target price of $119.00.

Diageo Stock Performance

Shares of DEO stock traded up $0.46 during trading on Wednesday, reaching $92.22. The company’s stock had a trading volume of 986,557 shares, compared to its average volume of 1,215,738. Diageo has a 1-year low of $86.57 and a 1-year high of $132.34. The stock’s 50-day moving average price is $94.08 and its 200 day moving average price is $101.80. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Institutional Trading of Diageo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Diageo in the fourth quarter valued at about $202,000. XTX Topco Ltd acquired a new stake in shares of Diageo in the first quarter valued at approximately $426,000. Jefferies Financial Group Inc. acquired a new position in shares of Diageo during the first quarter valued at $220,000. Intrust Bank NA lifted its stake in shares of Diageo by 13.2% in the 1st quarter. Intrust Bank NA now owns 4,559 shares of the company’s stock worth $478,000 after acquiring an additional 531 shares during the period. Finally, Twin City Private Wealth LLC increased its position in shares of Diageo by 4.3% during the 1st quarter. Twin City Private Wealth LLC now owns 8,604 shares of the company’s stock valued at $915,000 after purchasing an additional 353 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

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.