Insider Buying: Diageo plc (LON:DGE) Insider Purchases 331 Shares of Stock

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni purchased 331 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of GBX 1,985 ($26.80) per share, with a total value of £6,570.35 ($8,870.46).

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

• On Monday, May 12th, John Alexander Manzoni acquired 299 shares of Diageo stock. The shares were purchased at an average cost of GBX 2,194 ($29.62) per share, with a total value of £6,560.06 ($8,856.57).
• On Thursday, April 10th, John Alexander Manzoni bought 315 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,079 ($28.07) per share, for a total transaction of £6,548.85 ($8,841.43).

Diageo Price Performance

Shares of DGE traded down GBX 16.98 ($0.23) during mid-day trading on Wednesday, hitting GBX 1,980.02 ($26.73). 2,753,115 shares of the company traded hands, compared to its average volume of 4,194,493. 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 stock has a market capitalization of £43.95 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.75 and a beta of 0.36. The business has a 50-day moving average of GBX 2,070 and a 200 day moving average of GBX 2,222.36. Diageo plc has a one year low of GBX 1,908 ($25.76) and a one year high of GBX 2,731.50 ($36.88).

Diageo Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were given a GBX 20.75 ($0.28) dividend. This represents a 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 Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 ($32.02) price target on shares of Diageo in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,665.33 ($35.98).

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.