John Alexander Manzoni Buys 331 Shares of Diageo plc (LON:DGE) Stock

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni bought 331 shares of the stock in a transaction dated Tuesday, June 10th. The shares were bought at an average cost of GBX 1,985 ($27.03) per share, with a total value of £6,570.35 ($8,945.34).

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

• On Monday, May 12th, John Alexander Manzoni purchased 299 shares of Diageo stock. The shares were acquired at an average cost of GBX 2,194 ($29.87) per share, for a total transaction of £6,560.06 ($8,931.33).
• On Thursday, April 10th, John Alexander Manzoni purchased 315 shares of Diageo stock. The shares were acquired at an average price of GBX 2,079 ($28.30) per share, with a total value of £6,548.85 ($8,916.07).

Diageo Price Performance

Shares of DGE traded down GBX 20.50 ($0.28) during trading hours on Friday, hitting GBX 1,950 ($26.55). 2,312,047 shares of the company were exchanged, compared to its average volume of 4,163,995. The firm has a fifty day simple moving average of GBX 2,069.24 and a 200-day simple moving average of GBX 2,217.71. The company has a market capitalization of £43.29 billion, a PE ratio of 10.92, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. Diageo plc has a one year low of GBX 1,908 ($25.98) and a one year high of GBX 2,731.50 ($37.19).

Diageo Increases Dividend

The firm also recently announced 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 an increase from Diageo's previous dividend of $0.63. The ex-dividend date was Thursday, March 20th. Diageo's payout ratio is currently 44.25%.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,372 ($32.29) price objective on shares of Diageo in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 2,665.33 ($36.29).

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.