Diageo (NYSE:DEO - Get Free Report) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a "sell" rating to a "hold" rating in a research note issued to investors on Monday,Briefing.com Automated Import reports.

Several other equities analysts have also recently weighed in on DEO. TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. One research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.00.

Check Out Our Latest Research Report on DEO

Shares of DEO opened at $108.83 on Monday. The stock has a market capitalization of $60.54 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.39 and a beta of 0.66. Diageo has a twelve month low of $105.72 and a twelve month high of $151.76. The company has a 50 day moving average of $117.39 and a 200-day moving average of $124.95. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Several hedge funds have recently added to or reduced their stakes in the business. Canoe Financial LP lifted its holdings in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. FMR LLC lifted its holdings in Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after purchasing an additional 571,873 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after purchasing an additional 1,822,994 shares during the last quarter. Royal Bank of Canada lifted its holdings in Diageo by 0.3% during the 4th quarter. Royal Bank of Canada now owns 1,540,800 shares of the company's stock valued at $195,883,000 after purchasing an additional 3,876 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after purchasing an additional 1,296,285 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

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.

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