Diageo plc (NYSE:DEO) Stock Has Consensus Target Price of $105.33

Shares of Diageo plc (NYSE:DEO) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $105.33.

A number of brokerages have recently issued reports on DEO. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a report on Thursday, August 27th. TD Cowen reaffirmed a “buy” rating on shares of Diageo in a report on Monday, August 10th. Zacks Research upgraded Diageo from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Loop Capital set a $99.00 price target on shares of Diageo in a research report on Thursday, June 18th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Douglas Lane & Associates LLC lifted its stake in Diageo by 1.3% in the third quarter. Douglas Lane & Associates LLC now owns 504,919 shares of the company’s stock valued at $43,221,000 after buying an additional 6,648 shares during the period. GAMMA Investing LLC lifted its stake in shares of Diageo by 39.0% in the third quarter. GAMMA Investing LLC now owns 1,715 shares of the company’s stock valued at $147,000 after buying an additional 481 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Diageo by 13.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,772 shares of the company’s stock valued at $580,000 after acquiring an additional 793 shares in the last quarter. Quintet Private Bank Europe S.A. purchased a new position in shares of Diageo during the third quarter valued at approximately $428,000. Finally, Benedict Financial Advisors Inc. boosted its holdings in Diageo by 8.6% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 28,241 shares of the company’s stock worth $2,417,000 after acquiring an additional 2,234 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

Shares of DEO stock opened at $88.73 on Tuesday. The firm has a 50 day moving average price of $89.49 and a two-hundred day moving average price of $84.13. Diageo has a 12-month low of $72.45 and a 12-month high of $102.74. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.62 and a current ratio of 1.60.

Diageo Dividend Announcement

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

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.