Diageo - DGE Share Forecast, Price & News

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products. It provides its products under the Johnnie Walker, Crown Royal, Bulleit and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray, and Guinness brands. The company has operations in North America, Europe, Turkey, Africa, Latin America, the Caribbean, the Asia Pacific, and internationally. The company was incorporated in 1886 and is headquartered in London, the United Kingdom.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DGE. Berenberg Bank upped their price objective on shares of Diageo from GBX 3,900 ($47.12) to GBX 4,160 ($50.27) and gave the company a "hold" rating in a research note on Monday, August 1st. Citigroup reiterated a "neutral" rating and set a GBX 4,150 ($50.14) target price on shares of Diageo in a report on Tuesday, June 21st. Barclays upped their price target on Diageo from GBX 3,430 ($41.45) to GBX 5,040 ($60.90) and gave the stock an "overweight" rating in a report on Friday, June 17th. JPMorgan Chase & Co. set a GBX 4,350 ($52.56) price target on Diageo in a report on Thursday, July 28th. Finally, Sanford C. Bernstein set a GBX 3,780 ($45.67) price target on Diageo in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 4,124 ($49.83).

Diageo Trading Up 0.9 %

Shares of LON:DGE traded up GBX 34 ($0.41) during midday trading on Monday, reaching GBX 3,867.50 ($46.73). The company had a trading volume of 492,172 shares, compared to its average volume of 3,530,005. The company has a debt-to-equity ratio of 176.36, a quick ratio of 0.62 and a current ratio of 1.53. Diageo has a 1-year low of GBX 3,282.50 ($39.66) and a 1-year high of GBX 4,110 ($49.66). The firm has a market cap of £88.13 billion and a price-to-earnings ratio of 2,758.93. The company has a fifty day simple moving average of GBX 3,659.83 and a two-hundred day simple moving average of GBX 3,719.18.

Diageo Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, August 25th will be paid a dividend of GBX 46.82 ($0.57) per share. The ex-dividend date is Thursday, August 25th. This is an increase from Diageo's previous dividend of $29.36. This represents a dividend yield of 1.24%. Diageo's dividend payout ratio (DPR) is 52.82%.

Insider Transactions at Diageo

In other news, insider Javier Ferrán acquired 234 shares of the firm's stock in a transaction dated Monday, July 11th. The shares were bought at an average price of GBX 3,541 ($42.79) per share, with a total value of £8,285.94 ($10,012.01). Insiders bought 685 shares of company stock valued at $2,482,229 in the last three months.