Diageo (NYSE:DEO) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Diageo (NYSE:DEO) from a sell rating to a hold rating in a research note released on Monday morning, Marketbeat reports.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

Shares of DEO opened at $114.12 on Monday. Diageo has a 1 year low of $105.72 and a 1 year high of $151.76. The company has a market cap of $63.49 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The firm has a fifty day moving average of $116.44 and a 200-day moving average of $124.59.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Institutional Trading of Diageo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in Diageo during the 3rd quarter worth about $25,000. CoreFirst Bank & Trust acquired a new stake in Diageo during the 4th quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in Diageo during the 4th quarter worth about $25,000. Eastern Bank raised its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Finally, BNP Paribas acquired a new stake in Diageo during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

About Diageo

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.