Diageo plc (LON:DGE) Insider Buys £8,200.44 in Stock

Diageo plc (LON:DGE) insider Javier Ferrán acquired 324 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average cost of GBX 2,531 ($33.12) per share, with a total value of £8,200.44 ($10,732.16).

Javier Ferrán also recently made the following trade(s):

• On Tuesday, September 10th, Javier Ferrán acquired 339 shares of Diageo stock. The stock was purchased at an average cost of GBX 2,444 ($31.99) per share, with a total value of £8,285.16 ($10,843.03).

Diageo Stock Up 0.3 %

Shares of LON DGE opened at GBX 2,551.50 ($33.39) on Friday. Diageo plc has a 52 week low of GBX 2,165.60 ($28.34) and a 52 week high of GBX 3,268.50 ($42.78). The business has a 50-day simple moving average of GBX 2,494.89 and a two-hundred day simple moving average of GBX 2,616.84. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 186.26. The company has a market cap of £56.64 billion, a P/E ratio of 1,977.91, a P/E/G ratio of 1.77 and a beta of 0.36.

Diageo Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.63 per share. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Diageo’s previous dividend of $0.41. Diageo’s dividend payout ratio (DPR) is 6,201.55%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DGE shares. Royal Bank of Canada raised Diageo to a “sector perform” rating and lifted their price objective for the stock from GBX 2,100 ($27.48) to GBX 2,400 ($31.41) in a report on Monday, August 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($41.88) price objective on shares of Diageo in a report on Thursday, August 22nd. Finally, Citigroup restated a “buy” rating and issued a GBX 3,000 ($39.26) target price on shares of Diageo in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Diageo has a consensus rating of “Hold” and a consensus target price of GBX 3,008 ($39.37).

Diageo Company Profile

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.