Diageo plc (NYSE:DEO) Stock Has Average Target Price of $105.33 According to Brokerages

Shares of Diageo plc (NYSE:DEO) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $105.33.

DEO has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a research report on Thursday, August 27th. Zacks Research raised Diageo from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. TD Cowen reaffirmed a “buy” rating on shares of Diageo in a report on Monday, August 10th. Finally, Loop Capital set a $99.00 target price on Diageo in a research note on Thursday, June 18th.

Institutional Investors Weigh In On Diageo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Diageo by 3.7% in the first quarter. Bank of America Corp DE now owns 2,913,707 shares of the company’s stock valued at $216,925,000 after buying an additional 103,531 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Diageo by 53.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock valued at $102,124,000 after acquiring an additional 477,999 shares during the last quarter. Equity Investment Corp increased its stake in Diageo by 16.7% in the fourth quarter. Equity Investment Corp now owns 1,137,390 shares of the company’s stock valued at $98,123,000 after purchasing an additional 163,168 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Diageo by 15.7% during the 1st quarter. Gabelli Funds LLC now owns 659,821 shares of the company’s stock valued at $49,124,000 after acquiring an additional 89,771 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in Diageo during the fourth quarter worth approximately $46,763,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

DEO opened at $87.01 on Tuesday. Diageo has a one year low of $72.45 and a one year high of $102.74. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53. The business’s 50-day simple moving average is $89.51 and its 200-day simple moving average is $83.92.

Diageo Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, October 16th will be given a dividend of $1.20 per share. This represents a dividend yield of 252.0%. The ex-dividend date is Friday, October 16th.

Diageo Company Profile

Diageo plc is a global beverage alcohol company headquartered in London, England. The company produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages through a collection of internationally recognized brands.

Its portfolio includes Johnnie Walker, Crown Royal, Buchanan’s and Talisker whiskies; Smirnoff, Cîroc and Ketel One vodkas; Tanqueray and Gordon’s gins; Baileys liqueur; Don Julio and Casamigos tequila; Captain Morgan rum; and Guinness beer.