Diageo plc (NYSE:DEO) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $178.00.
DEO has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating and set a $178.00 target price on the stock in a report on Monday, May 27th. Sanford C. Bernstein upgraded shares of Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. Societe Generale lowered shares of Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Kepler Capital Markets lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new position in shares of Diageo during the second quarter valued at about $29,000. Meridian Wealth Management LLC acquired a new stake in shares of Diageo in the 2nd quarter worth about $33,000. TCG Advisors LP acquired a new stake in shares of Diageo in the 1st quarter worth about $41,000. Manchester Financial Inc. acquired a new stake in shares of Diageo in the 2nd quarter worth about $45,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Diageo in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 10.13% of the company’s stock.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, August 9th will be issued a $2.111 dividend. This is a positive change from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date is Thursday, August 8th. Diageo’s payout ratio is presently 62.52%.
Diageo Company Profile
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.
Featured Story: Earnings Reports
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.