Diageo plc (LON:DGE) Insider Buys £6,548.85 in Stock

Diageo plc (LON:DGE) insider John Alexander Manzoni bought 315 shares of the stock in a transaction on Thursday, April 10th. The shares were bought at an average cost of GBX 2,079 ($26.57) per share, for a total transaction of £6,548.85 ($8,368.07).

Diageo Price Performance

Diageo stock traded up GBX 59.64 ($0.76) during midday trading on Thursday, reaching GBX 2,074.64 ($26.51). The company’s stock had a trading volume of 109,692,961 shares, compared to its average volume of 5,886,415. Diageo plc has a 52 week low of GBX 1,908 ($24.38) and a 52 week high of GBX 2,904 ($37.11). The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The business has a 50-day moving average price of GBX 2,119.58 and a 200-day moving average price of GBX 2,353.72. The stock has a market cap of £46.05 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Diageo Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were paid a dividend of GBX 20.75 ($0.27) per share. This represents a dividend yield of 3.66%. This is a positive change from Diageo’s previous dividend of $0.63. The ex-dividend date was Thursday, March 20th. Diageo’s dividend payout ratio (DPR) is presently 44.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,500 ($31.94) target price on shares of Diageo in a research report on Tuesday, January 7th. UBS Group upgraded shares of Diageo to a “buy” rating and upped their target price for the company from GBX 2,300 ($29.39) to GBX 2,920 ($37.31) in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 2,876.67 ($36.76).

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.