Diageo plc (ADR) Is a Buy; Strong Momentum from Option Traders

 Diageo plc (ADR) Is a Buy; Strong Momentum from Option Traders

In today’s session Diageo plc (ADR) (DEO) registered an unusually high (122) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DEO increase. With 122 contracts traded and 10234 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DEO170120C00125000 closed last at: $0.2 or 42.9% down. About 234,016 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has declined 0.07% since March 16, 2016 and is downtrending. It has underperformed by 5.62% 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. Shore Capital maintained the shares of DEO in a report on Wednesday, September 23 with “Hold” rating. The firm has “Neutral” rating given on Friday, July 31 by JP Morgan. The rating was maintained by Berenberg with “Buy” on Friday, July 31. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 21. On Tuesday, January 12 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm has “Hold” rating by Societe Generale given on Monday, June 27. The rating was upgraded by JP Morgan to “Overweight” on Friday, November 20. The firm earned “Overweight” rating on Friday, July 31 by Barclays Capital. The firm has “Buy” rating by UBS given on Thursday, October 1. Deutsche Bank downgraded the shares of DEO in a report on Thursday, March 17 to “Hold” rating.

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 $67.16 billion. The Firm operates in various categories, including spirits and beer. It has a 24.79 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: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 01, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, 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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