Diageo PLC (DEO) Given Average Rating of “Hold” by Brokerages

Shares of Diageo PLC (NYSE:DEO) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $120.00.

Several equities analysts recently weighed in on the company. BidaskClub lowered Diageo PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Citigroup Inc. lowered Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Jefferies Group LLC set a $120.00 price target on Diageo PLC and gave the company a “buy” rating in a research note on Friday, April 21st. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, Goldman Sachs Group, Inc. (The) lowered Diageo PLC from a “neutral” rating to a “sell” rating in a research note on Thursday, March 30th.

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Diageo PLC (NYSE:DEO) traded up 1.13% during trading on Monday, hitting $121.74. The stock had a trading volume of 338,361 shares. The firm’s 50-day moving average price is $120.46 and its 200-day moving average price is $113.18. The company has a market cap of $76.42 billion, a price-to-earnings ratio of 25.45 and a beta of 0.77. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $123.48.

A number of large investors have recently bought and sold shares of DEO. YorkBridge Wealth Partners LLC boosted its position in shares of Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock valued at $116,000 after buying an additional 738 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Diageo PLC during the first quarter valued at $118,000. Glassman Wealth Services boosted its position in shares of Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares in the last quarter. Mascoma Wealth Management LLC bought a new position in shares of Diageo PLC during the fourth quarter valued at $119,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock valued at $136,000 after buying an additional 92 shares in the last quarter. Institutional investors own 12.11% of the company’s stock.

About Diageo PLC

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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