Javier Ferran Buys 65,000 Shares of Diageo plc (DGE) Stock
Diageo plc (LON:DGE) insider Javier Ferran acquired 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of GBX 2,503 ($32.49) per share, with a total value of £1,626,950 ($2,112,099.18).
Shares of Diageo plc (LON:DGE) opened at 2542.50 on Tuesday. Diageo plc has a 1-year low of GBX 1,946.00 and a 1-year high of GBX 2,547.00. The firm’s market cap is GBX 63.90 billion. The company has a 50-day moving average of GBX 2,351.70 and a 200-day moving average of GBX 2,302.57.
The business also recently declared a dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 38.50 ($0.50) per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Diageo plc’s previous dividend of $23.70.
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DGE has been the subject of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,500 ($32.45) price objective on shares of Diageo plc in a research report on Wednesday, April 19th. UBS AG set a GBX 2,450 ($31.81) price objective on shares of Diageo plc and gave the company a “buy” rating in a research report on Wednesday, April 19th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 2,500 ($32.45) price objective on shares of Diageo plc in a research report on Friday, April 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 2,500 ($32.45) price objective on shares of Diageo plc in a research report on Wednesday, April 26th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 2,600 ($33.75) price objective on shares of Diageo plc in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,521.05 ($32.73).
About Diageo plc
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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