Diageo plc (LON:DGE) Insider Javier Ferrán Buys 324 Shares of Stock

Diageo plc (LON:DGE) insider Javier Ferrán acquired 324 shares of Diageo stock in a transaction on Thursday, October 10th. The stock was purchased at an average cost of GBX 2,531 ($33.12) per share, for a total transaction of £8,200.44 ($10,732.16).

Javier Ferrán also recently made the following trade(s):

• On Tuesday, September 10th, Javier Ferrán bought 339 shares of Diageo stock. The stock was acquired at an average price of GBX 2,444 ($31.99) per share, for a total transaction of £8,285.16 ($10,843.03).

Diageo Trading Down 0.4 %

LON DGE opened at GBX 2,543 ($33.28) on Friday. The stock has a market cap of £56.45 billion, a PE ratio of 1,971.32, a PEG ratio of 1.77 and a beta of 0.36. Diageo plc has a 12 month low of GBX 2,165.60 ($28.34) and a 12 month high of GBX 3,268.50 ($42.78). The company’s 50-day moving average price is GBX 2,492.31 and its 200-day moving average price is GBX 2,621.61. The company has a current ratio of 1.53, a quick ratio of 0.62 and a debt-to-equity ratio of 186.26.

Diageo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, August 29th will be given a $0.63 dividend. This represents a yield of 1.92%. This is a boost from Diageo’s previous dividend of $0.41. The ex-dividend date of this dividend is Thursday, August 29th. Diageo’s payout ratio is 6,201.55%.

Wall Street Analysts Forecast Growth

DGE has been the topic of several recent research reports. Royal Bank of Canada upgraded Diageo to a “sector perform” rating and increased their price target for the company from GBX 2,100 ($27.48) to GBX 2,400 ($31.41) in a report on Monday, August 12th. Citigroup reissued a “buy” rating and issued a GBX 3,000 ($39.26) target price on shares of Diageo in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,200 ($41.88) price target on shares of Diageo in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Diageo currently has a consensus rating of “Hold” and an average price target of GBX 3,008 ($39.37).

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.