Diageo plc (LON:DGE) Insider Nik Jhangiani Purchases 8 Shares

Diageo plc (LON:DGE - Get Free Report) insider Nik Jhangiani acquired 8 shares of Diageo stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average cost of GBX 1,992 ($27.05) per share, with a total value of £159.36 ($216.37).

Diageo Stock Down 1.0%

DGE traded down GBX 20.50 ($0.28) during trading hours on Friday, hitting GBX 1,950 ($26.48). 2,312,047 shares of the company's stock were exchanged, compared to its average volume of 4,163,995. Diageo plc has a 1-year low of GBX 1,908 ($25.91) and a 1-year high of GBX 2,731.50 ($37.09). The stock's 50-day moving average is GBX 2,067.38 and its two-hundred day moving average is GBX 2,214.57. The stock has a market cap of £43.29 billion, a price-to-earnings ratio of 10.92, a PEG 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.

Diageo Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and set a GBX 2,372 ($32.21) 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,665.33 ($36.19).

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.