Diageo (NYSE:DEO) Shares Gap Up to $169.66

Shares of Diageo plc (NYSE:DEO) gapped up before the market opened on Thursday . The stock had previously closed at $169.66, but opened at $174.87. Diageo shares last traded at $174.81, with a volume of 2,662 shares traded.

DEO has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on Diageo in a research report on Tuesday, February 2nd. They set an “overweight” rating for the company. Credit Suisse Group restated an “outperform” rating on shares of Diageo in a research report on Friday, January 29th. Berenberg Bank reiterated a “hold” rating on shares of Diageo in a research report on Monday, February 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Diageo in a research report on Friday, January 29th. Finally, Barclays reiterated an “overweight” rating on shares of Diageo in a research report on Friday, January 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Diageo currently has an average rating of “Hold” and a consensus target price of $154.33.

The company has a market cap of $102.48 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.47 and a beta of 0.66. The firm has a 50 day moving average price of $165.70 and a two-hundred day moving average price of $155.22. The company has a quick ratio of 0.88, a current ratio of 1.77 and a debt-to-equity ratio of 1.80.

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 13th. Stockholders of record on Friday, February 26th will be paid a $1.5348 dividend. This is a boost from Diageo’s previous semi-annual dividend of $1.36. The ex-dividend date of this dividend is Thursday, February 25th. This represents a dividend yield of 2.1%. Diageo’s dividend payout ratio is presently 55.45%.

Several hedge funds have recently modified their holdings of DEO. FMR LLC increased its stake in shares of Diageo by 586.2% in the first quarter. FMR LLC now owns 309,135 shares of the company’s stock valued at $50,578,000 after buying an additional 264,083 shares during the period. BlackRock Inc. grew its stake in Diageo by 36.3% during the third quarter. BlackRock Inc. now owns 344,046 shares of the company’s stock worth $47,361,000 after purchasing an additional 91,597 shares during the period. State Street Corp grew its stake in Diageo by 81.1% during the third quarter. State Street Corp now owns 14,812 shares of the company’s stock worth $2,057,000 after purchasing an additional 6,632 shares during the period. AXA S.A. acquired a new stake in Diageo during the third quarter worth approximately $54,000. Finally, Guggenheim Capital LLC grew its stake in Diageo by 3.3% during the third quarter. Guggenheim Capital LLC now owns 17,605 shares of the company’s stock worth $2,424,000 after purchasing an additional 568 shares during the period. 10.05% of the stock is owned by institutional investors.

About Diageo (NYSE:DEO)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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