DEO Stock Summary and Trading Ideas (Diageo PLC | NYSE:DEO)

The product of a merger between Grand Metropolitan and Guinness in 1997, Diageo is one of the world's leading producers of branded premium spirits, approximately level with Kweichow Moutai in revenue terms. It also produces and markets beer and wine. Brands include Johnnie Walker blended scotch, Smirnoff vodka, Crown Royal Canadian whiskey, Captain Morgan rum, Casamigos tequila, Tanqueray gin, Baileys Irish Cream, and Guinness stout. Diageo also owns 34% of premium champagne and cognac maker Moet Hennessy, a subsidiary of French luxury-goods maker LVMH Moet Hennessy-Louis Vuitton, and a near-56% stake in India's United Spirits.

Diageo PLC trades on the NYSE stock market under the symbol DEO.

As of April 23, 2024, DEO stock price declined to $140.48 with 628,227 million shares trading.

DEO has a beta of 0.73, meaning it tends to be less sensitive to market movements. DEO has a correlation of 0.16 to the broad based SPY ETF.

DEO has a market cap of $78.18 billion. This is considered a Large Cap stock.

In the last 3 years, DEO stock traded as high as $223.14 and as low as $135.63.

The top ETF exchange traded funds that DEO belongs to (by Net Assets): FVD, EQTY, PID, DIHP, DFIC.

DEO has underperformed the market in the last year with a return of -23.5%, while the SPY ETF gained +24.3%. In the last 3 month period, DEO fell short of the market, returning +3.2%, while SPY returned +4.9%. However, in the most recent 2 weeks DEO has outperformed the stock market by returning -2.0%, while SPY returned -2.5%.

DEO support price is $140.31 and resistance is $143.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DEO stock will trade within this expected range on the day.