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

Diageo plc (LON:DGE) insider Javier Ferrán purchased 324 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average price 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 purchased 339 shares of Diageo stock. The shares were acquired at an average price of GBX 2,444 ($31.99) per share, with a total value of £8,285.16 ($10,843.03).

Diageo Price Performance

Shares of Diageo stock opened at GBX 2,551.50 ($33.39) on Friday. The company has a debt-to-equity ratio of 186.26, a current ratio of 1.53 and a quick ratio of 0.62. The business’s 50 day simple moving average is GBX 2,494.89 and its two-hundred day simple moving average is GBX 2,616.84. The stock has a market capitalization of £56.64 billion, a P/E ratio of 1,977.91, a price-to-earnings-growth ratio of 1.77 and a beta of 0.36. Diageo plc has a one year low of GBX 2,165.60 ($28.34) and a one year high of GBX 3,268.50 ($42.78).

Diageo Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, August 29th will be paid a $0.63 dividend. This is a boost from Diageo’s previous dividend of $0.41. This represents a yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 29th. Diageo’s payout ratio is 6,201.55%.

Analyst Upgrades and Downgrades

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