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.
Diageo Price Performance
DEO Stock traded up $0.07 during midday trading on Monday, reaching $189.03. 1,430 shares of the company's stock traded hands, compared to its average volume of 412,451. The firm's fifty day moving average price is $179.20 and its 200-day moving average price is $190.40. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.69 and a current ratio of 1.53. Diageo has a 52 week low of $166.24 and a 52 week high of $223.14.
Diageo Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, August 26th will be paid a dividend of $2.2775 per share. This represents a yield of 2%. The ex-dividend date of this dividend is Thursday, August 25th. This is a positive change from Diageo's previous semi-annual dividend of $1.57.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of Diageo from GBX 5,040 ($60.90) to GBX 5,430 ($65.61) in a report on Friday, July 29th. Kepler Capital Markets downgraded shares of Diageo from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th. Morgan Stanley cut their target price 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 raised their target price on Diageo from GBX 3,230 ($39.03) to GBX 3,300 ($39.87) in a research note on Friday, July 29th. Finally, Societe Generale increased their target price on shares of Diageo from GBX 4,250 ($51.35) to GBX 4,500 ($54.37) in a research report on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4,192.50.