Insider Buying: Diageo (LON:DGE) Insider Acquires 365 Shares of Stock

Key Points

• John Alexander Manzoni, a Diageo insider, purchased 365 shares on Feb 10 at GBX 1,799 each (£6,566.35) — his third recent buy after 397 shares on Jan 12 (GBX 1,649) and 410 shares on Dec 10 (GBX 1,600), signaling repeated insider buying.
• Diageo traded at GBX 1,787.77 on the day of the report and carries a market cap of about £39.8 billion; analysts give a consensus "Moderate Buy" with a target of GBX 2,111.25 (five Buy, three Hold) and a 52‑week range of GBX 1,421.50–2,226.

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni acquired 365 shares of the stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of GBX 1,799 per share, for a total transaction of £6,566.35.

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

• On Monday, January 12th, John Alexander Manzoni bought 397 shares of Diageo stock. The shares were acquired at an average price of GBX 1,649 per share, with a total value of £6,546.53.
• On Wednesday, December 10th, John Alexander Manzoni acquired 410 shares of Diageo stock. The shares were bought at an average price of GBX 1,600 per share, for a total transaction of £6,560.

Diageo Price Performance

LON:DGE traded up GBX 32.27 during trading hours on Tuesday, reaching GBX 1,787.77. The stock had a trading volume of 3,630,511 shares, compared to its average volume of 62,722,262. The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The stock has a market capitalization of £39.75 billion, a PE ratio of 16.91, a PEG ratio of 1.75 and a beta of 0.36. Diageo plc has a 52 week low of GBX 1,421.50 and a 52 week high of GBX 2,226. The company has a 50 day moving average price of GBX 1,655.63 and a two-hundred day moving average price of GBX 1,793.44.

Wall Street Analyst Weigh In

DGE has been the topic of a number of research reports. JPMorgan Chase & Co. restated a "neutral" rating on shares of Diageo in a report on Thursday, January 22nd. UBS Group reiterated a "buy" rating and set a GBX 2,250 price objective on shares of Diageo in a research report on Friday, October 31st. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,000 target price on shares of Diageo in a research note on Monday, February 2nd. Berenberg Bank dropped their price target on shares of Diageo from GBX 2,372 to GBX 2,370 and set a "buy" rating for the company in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Diageo from GBX 1,840 to GBX 1,790 and set a "hold" rating on the stock in a research report on Friday, November 28th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,111.25.

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. With such diversity, we're able to truly represent our broad consumer base and think differently about the future. To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.

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