Diageo plc (LON:DGE) Insider Acquires £141.50 in Stock

Diageo plc (LON:DGE) insider Lavanya Chandrashekar bought 5 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average cost of GBX 2,830 ($35.82) per share, for a total transaction of £141.50 ($179.09).

Lavanya Chandrashekar also recently made the following trade(s):

• On Monday, February 12th, Lavanya Chandrashekar purchased 5 shares of Diageo stock. The stock was acquired at an average cost of GBX 2,904 ($36.75) per share, with a total value of £145.20 ($183.77).

Diageo Trading Up 0.6 %

Shares of DGE opened at GBX 2,825 ($35.75) on Thursday. The business’s 50-day moving average price is GBX 2,915 and its 200 day moving average price is GBX 2,914.13. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59. The stock has a market capitalization of £63.00 billion, a P/E ratio of 1,908.78, a P/E/G ratio of 1.65 and a beta of 0.32. Diageo plc has a 1-year low of GBX 2,676 ($33.87) and a 1-year high of GBX 3,779.50 ($47.84).

Diageo Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Thursday, February 29th will be given a $0.41 dividend. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 29th. Diageo’s dividend payout ratio (DPR) is currently 5,472.97%.

Analysts Set New Price Targets

DGE has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Diageo in a research note on Monday, February 26th. Barclays decreased their price target on shares of Diageo from GBX 3,730 ($47.21) to GBX 3,550 ($44.93) and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus target price of GBX 3,180 ($40.25).

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.