Diageo plc (ADR) Could Rise a Lot According to The Today’s Call Option Activity

 Diageo plc (ADR) Could Rise a Lot According to The Today's Call Option Activity

In today’s session Diageo plc (ADR) (DEO) registered an unusually high (255) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DEO increase. With 255 contracts traded and 5384 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DEO161216C00105000 closed last at: $0.65 or 23.5% down. About 308,415 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has declined 7.74% since April 21, 2016 and is downtrending. It has underperformed by 13.07% the S&P500.

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 rating was initiated by Liberum Capital on Monday, October 3 with “Hold”. The firm earned “Sell” rating on Wednesday, September 23 by Goldman Sachs. The company was upgraded on Thursday, October 29 by Credit Suisse. The firm has “Hold” rating by Shore Capital given on Wednesday, September 23. The rating was upgraded by HSBC on Wednesday, October 26 to “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Friday, July 31. As per Friday, July 31, the company rating was maintained by Kepler Cheuvreux. Berenberg maintained the stock with “Buy” rating in Friday, July 31 report. The firm has “Hold” rating given on Tuesday, January 12 by Stifel Nicolaus. The company was upgraded on Thursday, August 6 by Investec.

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 $62.21 billion. The Firm operates in various categories, including spirits and beer. It has a 22.7 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: “/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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