Rating Action: Macquarie Research Says Its Time To “Underperform” Diageo (NYSE:DEO)

November 28, 2016 - By Nellie Frank

Rating Action: Macquarie Research Says Its Time To

How Macquarie Research Rates Diageo (NYSE:DEO)

Analysts at Macquarie Research has started coverage on shares of Diageo (NYSE:DEO) in a report shared with investors on 28 November. The financial company set an “Underperform” rating on the $63.99B market cap company.

Diageo plc (ADR) (NYSE:DEO) Ratings Coverage

Out of 20 analysts covering Diageo (NYSE:DEO), 13 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 65% are positive. Diageo has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Diageo plc (ADR) (NYSE:DEO) has “Hold” rating given on Wednesday, September 23 by Shore Capital. The firm earned “Hold” rating on Friday, October 16 by HSBC. Nomura maintained the shares of DEO in a report on Friday, July 31 with “Buy” rating. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. The stock of Diageo plc (ADR) (NYSE:DEO) has “Neutral” rating given on Friday, July 31 by Credit Suisse. The rating was upgraded by HSBC on Wednesday, October 26 to “Buy”. The firm earned “Hold” rating on Monday, June 27 by Societe Generale. Natixis maintained the stock with “Buy” rating in Thursday, September 24 report. The stock has “Outperform” rating given by BNP Paribas on Friday, September 11. The company was downgraded on Thursday, March 17 by Deutsche Bank.

About 583,471 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has declined 7.39% since April 25, 2016 and is downtrending. It has underperformed by 13.41% the S&P500.

Diageo PLC is an alcoholic beverage company. The company has a market cap of $63.99 billion. The Firm operates in various categories, including spirits and beer. It has a 22.91 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

According to Zacks Investment Research, “Diageo is an multinational branded food and drinks company. Diageo has an outstanding portfolio of world-famous food and drinks brands include Smirnoff, Johnnie Walker, J&B, Gordon’s, Malibu, Baileys, Guinness and Tanqueray.”

DEO Company Profile

Diageo PLC, incorporated on October 21, 1886, is an alcoholic beverage company. The Firm operates in various categories, including spirits and beer. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. The Company’s principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink. The Company’s brands include Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness. It owns manufacturing production facilities across the world, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages and distribution warehouses. It manages its activities from various locations, which include the United Kingdom; Ireland (Baileys); Italy (Santa Vittoria); Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa (Uganda, Kenya, Tanzania), and Africa Regional Markets (Ethiopia, Cameroon, Ghana and Seychelles).

More important recent Diageo plc (ADR) (NYSE:DEO) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Fool.com published: “Is Brand Incubation the Future for Diageo plc (ADR)?” on December 02, 2015. More interesting news about Diageo plc (ADR) (NYSE:DEO) was released by: Fool.com and their article: “Is Alcohol-Free Guinness a Smart Move for Diageo plc (ADR)?” with publication date: January 08, 2016.

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