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.
Analysts Set New Price Targets
A number of brokerages recently issued reports on DEO. Societe Generale lifted their target price on Diageo from GBX 4,250 ($51.35) to GBX 4,500 ($54.37) in a report on Tuesday, April 19th. StockNews.com raised shares of Diageo from a "hold" rating to a "buy" rating in a research report on Friday, July 29th. Morgan Stanley reduced their price target on shares of Diageo from GBX 4,500 ($54.37) to GBX 4,100 ($49.54) in a research report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Diageo from GBX 3,230 ($39.03) to GBX 3,300 ($39.87) in a research note on Friday, July 29th. Finally, Barclays raised their price objective on Diageo from GBX 5,040 ($60.90) to GBX 5,430 ($65.61) in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $4,192.50.
Diageo Stock Up 0.1 %
DEO Stock opened at $189.13 on Tuesday. The firm has a 50 day moving average of $179.25 and a two-hundred day moving average of $190.31. Diageo has a 12 month low of $166.24 and a 12 month high of $223.14. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.53 and a quick ratio of 0.69.
Diageo Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, August 26th will be given a $2.2775 dividend. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 2%. This is a boost from Diageo's previous semi-annual dividend of $1.57.