Diageo (NYSE:DEO) Downgraded by Societe Generale

Diageo (NYSE:DEO) was downgraded by analysts at Societe Generale from a “buy” rating to a “sell” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The analysts noted that the move was a valuation call.

A number of other research analysts also recently weighed in on DEO. Kepler Capital Markets downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $178.00 price target on the stock in a research note on Monday, May 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $178.00.

DEO stock traded down $8.19 during trading on Thursday, reaching $167.79. 653,727 shares of the stock were exchanged, compared to its average volume of 318,737. The firm’s 50 day moving average is $167.60 and its 200 day moving average is $166.54. Diageo has a twelve month low of $131.43 and a twelve month high of $176.22. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06. The firm has a market cap of $107.25 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47.



Hedge funds have recently bought and sold shares of the stock. Comerica Securities Inc. purchased a new stake in shares of Diageo in the fourth quarter worth approximately $437,000. Dimensional Fund Advisors LP raised its position in shares of Diageo by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 517,196 shares of the company’s stock worth $73,338,000 after buying an additional 8,824 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Diageo by 2.3% in the first quarter. Eagle Asset Management Inc. now owns 3,926 shares of the company’s stock worth $642,000 after buying an additional 90 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Diageo in the first quarter worth $415,000. Finally, Prospera Financial Services Inc raised its position in shares of Diageo by 5.7% in the first quarter. Prospera Financial Services Inc now owns 2,342 shares of the company’s stock worth $382,000 after buying an additional 126 shares in the last quarter. 10.52% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Diageo (NYSE:DEO)

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