Diageo (NYSE:DEO) Upgraded at UBS Group

UBS Group upgraded shares of Diageo (NYSE:DEO) from a sell rating to a buy rating in a research report released on Wednesday morning, MarketBeat reports.

Several other research analysts have also recently issued reports on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Diageo presently has a consensus rating of “Hold”.

Diageo Stock Up 1.7 %

DEO opened at $131.49 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock’s 50 day simple moving average is $126.19 and its 200 day simple moving average is $129.26. Diageo has a 1 year low of $117.72 and a 1 year high of $154.71.

Hedge Funds Weigh In On Diageo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. increased its position in Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares during the period. BNP Paribas Financial Markets increased its position in shares of Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares during the period. FMR LLC increased its position in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the period. Quantinno Capital Management LP raised its stake in Diageo by 420.5% in the third quarter. Quantinno Capital Management LP now owns 39,189 shares of the company’s stock worth $5,500,000 after buying an additional 31,660 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Diageo by 106.2% in the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock worth $4,441,000 after buying an additional 16,300 shares during the period. Institutional investors 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.