Diageo shares hold steady with $116.50 price target amid mixed analyst ratings and upcoming dividend.

Diageo plc's stock is rated as a 'Hold' by 13 analysts, with a consensus price target of $116.50. The ratings are mixed: three analysts recommend selling, five suggest holding, and five advise buying. The company recently announced a dividend of $0.80 per share payable on June 4, with an ex-dividend date of April 17. Institutional investors have been actively adjusting their positions in Diageo shares, reflecting ongoing interest in the stock. Diageo operates globally in alcoholic beverages, and its stock trades between a 52-week low of $73.64 and a high of $116.69, currently near the lower end of that range.