Insider Buying: Diageo plc (LON:DGE) Insider Buys 335 Shares of Stock

Diageo plc (LON:DGE - Get Free Report) insider John Alexander Manzoni acquired 335 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were bought at an average price of GBX 1,955 ($26.37) per share, for a total transaction of £6,549.25 ($8,832.43).

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

• On Tuesday, June 10th, John Alexander Manzoni acquired 331 shares of Diageo stock. The shares were purchased at an average cost of GBX 1,985 ($26.77) per share, for a total transaction of £6,570.35 ($8,860.89).
• 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 ($29.59) per share, for a total transaction of £6,560.06 ($8,847.01).

Diageo Price Performance

Shares of DGE stock traded down GBX 47.50 ($0.64) during trading hours on Friday, reaching GBX 1,900.50 ($25.63). 3,517,376 shares of the company were exchanged, compared to its average volume of 4,250,587. Diageo plc has a fifty-two week low of GBX 1,820 ($24.54) and a fifty-two week high of GBX 2,731.50 ($36.84). The stock's fifty day moving average is GBX 1,993.54 and its two-hundred day moving average is GBX 2,132.83. The company has a market cap of £42.19 billion, a price-to-earnings ratio of 10.65, a P/E/G 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.

Wall Street Analyst Weigh In

DGE has been the topic of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,372 ($31.99) price objective on shares of Diageo in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Diageo from GBX 1,960 ($26.43) to GBX 2,010 ($27.11) and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of Diageo in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Diageo currently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,571.71 ($34.68).

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.