Diageo (LON:DGE) Insider Acquires 358 Shares

Key Points

• John Alexander Manzoni, an insider at Diageo, recently acquired 358 shares of the company at an average price of GBX 1,833, totaling approximately £6,562.
• Diageo's stock showed a slight increase of 0.3% on Friday, reaching GBX 1,796.50, with significant trading volume of over 1.1 million shares.
• Brokerages have mixed outlooks on Diageo, with price targets ranging from GBX 2,000 to GBX 2,400 and a consensus rating of "Moderate Buy."

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni bought 358 shares of the company's stock in a transaction on Friday, October 10th. The shares were acquired at an average price of GBX 1,833 per share, with a total value of £6,562.14.

John Alexander Manzoni also recently made the following trade(s):

• On Wednesday, September 10th, John Alexander Manzoni bought 340 shares of Diageo stock. The shares were acquired at an average price of GBX 1,927 per share, with a total value of £6,551.80.
• On Monday, August 11th, John Alexander Manzoni bought 321 shares of Diageo stock. The shares were acquired at an average price of GBX 2,046 per share, with a total value of £6,567.66.

Diageo Trading Up 0.3%

Shares of Diageo stock traded up GBX 5 on Friday, hitting GBX 1,796.50. 1,110,843,000 shares of the company's stock traded hands, compared to its average volume of 9,940,650. The firm's 50-day moving average price is GBX 1,928.94 and its two-hundred day moving average price is GBX 1,977.33. The stock has a market capitalization of £39.94 billion, a PE ratio of 1,699.62, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo plc has a one year low of GBX 1,736.87 and a one year high of GBX 2,677. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DGE. Jefferies Financial Group decreased their price target on shares of Diageo from GBX 2,500 to GBX 2,400 and set a "buy" rating for the company in a report on Monday, September 8th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 price target on shares of Diageo in a report on Tuesday, August 5th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 2,400 price target on shares of Diageo in a report on Wednesday, July 16th. The Goldman Sachs Group raised shares of Diageo to a "neutral" rating and set a GBX 2,000 price target for the company in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Diageo from GBX 2,010 to GBX 2,060 and gave the company a "hold" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,378.86.

About Diageo

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry. With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we're building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we're a truly global company.

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