Shares of Diageo plc (NYSE:DEO) have been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $170.00.
A number of equities analysts have recently issued reports on DEO shares. Macquarie restated a “buy” rating on shares of Diageo in a research note on Sunday, December 16th. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a report on Friday, January 18th. Investec cut Diageo from a “hold” rating to a “sell” rating in a report on Monday. Finally, Sanford C. Bernstein cut Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th.
Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC increased its holdings in shares of Diageo by 22.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,518 shares of the company’s stock worth $357,000 after purchasing an additional 459 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Diageo by 661.5% during the third quarter. Bank of New York Mellon Corp now owns 255,087 shares of the company’s stock valued at $36,139,000 after buying an additional 221,590 shares during the period. Trexquant Investment LP purchased a new position in shares of Diageo during the third quarter valued at approximately $654,000. Wetherby Asset Management Inc. boosted its position in shares of Diageo by 12.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 11,250 shares of the company’s stock valued at $1,596,000 after buying an additional 1,264 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of Diageo by 6.4% during the fourth quarter. Kovack Advisors Inc. now owns 2,503 shares of the company’s stock valued at $355,000 after buying an additional 150 shares during the period. 10.61% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.3688 per share. The ex-dividend date is Thursday, February 28th. This represents a yield of 1.81%. Diageo’s dividend payout ratio is presently 42.83%.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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