Diageo plc (DGE) Stock Price Down 0.3%
Shares of Diageo plc (LON:DGE) traded down 0.3% during mid-day trading on Monday . The stock traded as low as GBX 2,578 ($33.29) and last traded at GBX 2,586.50 ($33.40). 2,796,805 shares changed hands during trading, a decline of 21% from the average session volume of 3,541,600 shares. The stock had previously closed at GBX 2,593.50 ($33.49).
Several equities analysts have weighed in on DGE shares. Shore Capital restated a “buy” rating on shares of Diageo plc in a report on Wednesday, June 7th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,500 ($32.29) price target on shares of Diageo plc in a report on Tuesday, June 13th. Morgan Stanley restated an “overweight” rating and set a GBX 2,500 ($32.29) price target on shares of Diageo plc in a report on Tuesday, July 18th. Kepler Capital Markets restated a “hold” rating and set a GBX 2,400 ($31.00) price target on shares of Diageo plc in a report on Thursday, July 27th. Finally, Credit Suisse Group raised their price target on Diageo plc from GBX 2,550 ($32.93) to GBX 2,700 ($34.87) and gave the company an “outperform” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,561.05 ($33.08).
The firm’s market capitalization is GBX 64.86 billion. The stock has a 50 day moving average price of GBX 2,513.00 and a 200 day moving average price of GBX 2,351.64.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 10th will be given a GBX 38.50 ($0.50) dividend. This represents a yield of 1.6%. This is a positive change from Diageo plc’s previous dividend of $23.70. The ex-dividend date of this dividend is Thursday, August 10th.
In other Diageo plc news, insider Alan Stewart acquired 4,076 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average cost of GBX 2,465 ($31.84) per share, for a total transaction of £100,473.40 ($129,760.30). Also, insider Javier Ferran acquired 65,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of GBX 2,503 ($32.33) per share, with a total value of £1,626,950 ($2,101,188.17). Insiders purchased 69,099 shares of company stock valued at $172,798,894 over the last quarter.
Diageo plc Company Profile
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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