TD Cowen Issues Positive Forecast for Diageo (NYSE:DEO) Stock Price

Diageo (NYSE:DEO) had its price objective increased by TD Cowen from $124.00 to $129.00 in a report released on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $129.00.

Diageo Trading Up 0.4 %

Shares of DEO stock opened at $125.40 on Wednesday. Diageo has a 12 month low of $117.72 and a 12 month high of $154.71. The company has a market cap of $69.76 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $123.19 and its two-hundred day moving average is $128.38.

Institutional Trading of Diageo

Several institutional investors have recently modified their holdings of DEO. Bank of Montreal Can boosted its stake in Diageo by 1,034.5% during the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after buying an additional 729,166 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after acquiring an additional 487,904 shares during the period. FMR LLC boosted its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Hsbc Holdings PLC increased its stake in Diageo by 416.0% in the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after acquiring an additional 420,778 shares during the period. Finally, Raymond James & Associates raised its position in Diageo by 52.3% in the third quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after purchasing an additional 293,017 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.