Some Traders See Unusual Bullish Options Activity in Diageo plc (ADR)

 Some Traders See Unusual Bullish Options Activity in Diageo plc (ADR)

In today’s session Diageo plc (ADR) (DEO) registered an unusually high (362) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious DEO increase. With 362 contracts traded and 25024 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: DEO161021C00115000 closed last at: $1.55 or 39.2% down. About 280,479 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has risen 6.93% since March 4, 2016 and is uptrending. It has underperformed by 1.11% the S&P500.

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

Out of 20 analysts covering Diageo (NYSE:DEO), 12 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 60% are positive. Diageo has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by UBS given on Thursday, October 1. The firm earned “Hold” rating on Monday, October 3 by Liberum Capital. The stock has “Neutral” rating given by JP Morgan on Friday, July 31. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, July 21 report. The rating was upgraded by BNP Paribas to “Outperform” on Friday, September 11. JP Morgan upgraded the shares of DEO in a report on Friday, November 20 to “Overweight” rating. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, January 12. As per Friday, July 31, the company rating was maintained by Berenberg. The rating was maintained by Goldman Sachs with “Sell” on Wednesday, September 23. The firm has “Outperform” rating by Credit Suisse given on Thursday, October 29.

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.”

Diageo PLC is an alcoholic beverage company. The company has a market cap of $68.98 billion. The Firm operates in various categories, including spirits and beer. It has a 24.92 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

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: “Virtual Stock Exchange”, 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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