Diageo (LON:DGE) Sets New 52-Week Low - Here's What Happened

Diageo plc (LON:DGE - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as GBX 1,900.50 ($25.75) and last traded at GBX 1,906 ($25.82), with a volume of 2147000000 shares. The stock had previously closed at GBX 1,950 ($26.42).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 2,372 ($32.14) price target on shares of Diageo in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Diageo presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,665.33 ($36.11).

Diageo Trading Down 2.3%

The firm has a market cap of £42.31 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The business has a 50 day moving average price of GBX 2,067.38 and a 200-day moving average price of GBX 2,213.52.

Diageo Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were given a dividend of GBX 20.75 ($0.28) per share. This is a boost from Diageo's previous dividend of $0.63. This represents a dividend yield of 3.66%. The ex-dividend date was Thursday, March 20th. Diageo's payout ratio is presently 44.25%.

Insider Activity at Diageo

In other Diageo news, insider John Alexander Manzoni acquired 299 shares of the stock in a transaction on Monday, May 12th. The stock was purchased at an average price of GBX 2,194 ($29.72) per share, for a total transaction of £6,560.06 ($8,887.77). In the last three months, insiders bought 953 shares of company stock valued at $1,983,862. Corporate insiders own 0.11% of the company's stock.

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.

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