Javier Ferrán Buys 339 Shares of Diageo plc (LON:DGE) Stock

Diageo plc (LON:DGE) insider Javier Ferrán acquired 339 shares of Diageo stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of GBX 2,444 ($31.96) per share, with a total value of £8,285.16 ($10,834.52).

Diageo Price Performance

Diageo stock traded down GBX 22 ($0.29) during mid-day trading on Tuesday, hitting GBX 2,417 ($31.61). The stock had a trading volume of 3,396,971 shares, compared to its average volume of 8,994,519. Diageo plc has a one year low of GBX 2,165.60 ($28.32) and a one year high of GBX 3,268.50 ($42.74). The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26. The firm has a market capitalization of £53.66 billion, a P/E ratio of 1,831.54, a P/E/G ratio of 1.62 and a beta of 0.36. The firm’s 50 day moving average is GBX 2,476.98 and its 200 day moving average is GBX 2,681.33.

Diageo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Diageo’s previous dividend of $0.41. This represents a yield of 1.92%. Diageo’s dividend payout ratio is 6,106.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,200 ($41.85) price objective on shares of Diageo in a research note on Thursday, August 22nd. Royal Bank of Canada upgraded shares of Diageo to a “sector perform” rating and lifted their price target for the stock from GBX 2,100 ($27.46) to GBX 2,400 ($31.38) in a research note on Monday, August 12th. Citigroup reaffirmed a “buy” rating and issued a GBX 3,000 ($39.23) target price on shares of Diageo in a report on Monday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,800 ($36.62) target price on shares of Diageo in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 3,008 ($39.34).

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.