Insider Buying: Diageo (LON:DGE) Insider Purchases 340 Shares of Stock

Key Points

• Diageo insider John Alexander Manzoni purchased 340 shares at an average price of GBX 1,927, totaling £6,551.80, following similar transactions in August and July.
• Diageo stock is currently down 1.4%, trading at GBX 1,919.50 with a market capitalization of £42.72 billion.
• Analysts have mixed ratings on Diageo, with a consensus rating of "Moderate Buy" and an average price target of GBX 2,378.86.

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni purchased 340 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average price of GBX 1,927 per share, for a total transaction of £6,551.80.

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

• On Monday, August 11th, John Alexander Manzoni purchased 321 shares of Diageo stock. The shares were purchased at an average price of GBX 2,046 per share, for a total transaction of £6,567.66.
• On Wednesday, July 9th, John Alexander Manzoni purchased 335 shares of Diageo stock. The shares were purchased at an average price of GBX 1,955 per share, for a total transaction of £6,549.25.

Diageo Stock Down 1.4%

Diageo stock traded down GBX 26.50 during midday trading on Wednesday, hitting GBX 1,919.50. 21,219,797 shares of the stock were exchanged, compared to its average volume of 4,426,969. The stock has a market capitalization of £42.72 billion, a price-to-earnings ratio of 1,815.99, 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. Diageo plc has a 52-week low of GBX 1,797 and a 52-week high of GBX 2,677. The business's 50-day moving average price is GBX 1,978.75 and its 200-day moving average price is GBX 2,025.42.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group raised shares of Diageo to a "neutral" rating and set a GBX 2,000 price objective on the stock in a research report on Thursday, August 7th. Jefferies Financial Group lowered their price target on shares of Diageo from GBX 2,500 to GBX 2,400 and set a "buy" rating on the stock in a research report on Monday. Citigroup reissued a "buy" rating on shares of Diageo in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Diageo from GBX 2,010 to GBX 2,060 and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 2,372 price target on shares of Diageo in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,378.86.

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.

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