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Top 6 Distillers & Wineries Stock to Buy in 2019This summary was created by AI, based on 3 opinions in the last 12 months.
The reviews from different experts suggest that Diageo PLC (symbol DEO-N) has experienced disappointing earnings and is facing challenges in Latin America and the Caribbean due to consumer behavior changes and external factors such as the legalization of cannabis and the impact of weight-loss drugs. Despite these challenges, the company is seen as a core holding with steady growth over time, a 2.8% dividend yield, and potential growth from India's middle class. Experts recommend holding or waiting to buy on weakness.
Disappointing earnings. Hurt in Latin America. General slowing, including US. Core holding. Great company, trades at 19x earnings. 2.8% dividend yield, steady growth over time. Share buybacks. Growth of India's middle class will be a huge driver.
On Nov. 10, they issued an operating profit warning, because they're getting killed in Latin America and the Caribbean, because consumers are trading down to cheaper brands. Younger people are drinking less hard alcohol than previous generations, verified by a recent poll. One factor is the legalization of cannabis. Another is that companies have been hiking liquor prices too often. Also, the new weight-loss drugs reduce craving for booze.
Neutral on fate of company. Drop in valuation good, but moving towards a fair valuation at current price. Would be good to hold, or wait to buy on weakness. Premium offering of alcoholic spirit selection.
Diageo PLC is a American stock, trading under the symbol DEO-N on the New York Stock Exchange (DEO). It is usually referred to as NYSE:DEO or DEO-N
In the last year, 4 stock analysts published opinions about DEO-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Diageo PLC.
Diageo PLC was recommended as a Top Pick by on . Read the latest stock experts ratings for Diageo PLC.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Diageo PLC In the last year. It is a trending stock that is worth watching.
On 2024-05-07, Diageo PLC (DEO-N) stock closed at a price of $139.04.
He's added at lower levels, a great opportunity. Best in the world at what they do. Sales have been soft, but they have so many of the top brands in the world. When someone like George Clooney comes out with a brand, they buy it and bring it into the distribution network. Will raise dividend and generate earnings growth for many years. Yields around 3%.