Lavanya Chandrashekar Acquires 5 Shares of Diageo plc (LON:DGE) Stock

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

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

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

Diageo Trading Up 0.7 %

Shares of Diageo stock traded up GBX 19.50 ($0.25) on Wednesday, reaching GBX 2,828.50 ($35.80). 6,263,196 shares of the company were exchanged, compared to its average volume of 3,565,498. The company has a current ratio of 1.58, a quick ratio of 0.62 and a debt-to-equity ratio of 190.59. Diageo plc has a fifty-two week low of GBX 2,676 ($33.87) and a fifty-two week high of GBX 3,779.50 ($47.84). The firm has a market capitalization of £63.08 billion, a price-to-earnings ratio of 1,912.16, a price-to-earnings-growth ratio of 1.65 and a beta of 0.32. The stock has a fifty day moving average price of GBX 2,915.71 and a 200-day moving average price of GBX 2,914.76.

Diageo Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.41 per share. This represents a yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 29th. Diageo’s dividend payout ratio is presently 5,472.97%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DGE. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a research report on Monday, February 26th. Barclays lowered their target price on Diageo from GBX 3,730 ($47.21) to GBX 3,550 ($44.93) and set an “overweight” rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.