Diageo plc (DGE) Stock Price Up 1%
Shares of Diageo plc (LON:DGE) rose 1% during trading on Wednesday . The stock traded as high as GBX 2,504.50 ($33.22) and last traded at GBX 2,502.50 ($33.19). Approximately 3,390,352 shares were traded during trading, a decline of 17% from the average daily volume of 4,100,290 shares. The stock had previously closed at GBX 2,478.50 ($32.88).
A number of analysts have recently weighed in on DGE shares. Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,600 ($34.49) price objective on shares of Diageo plc in a research report on Thursday, June 8th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 2,600 ($34.49) target price on shares of Diageo plc in a research report on Wednesday, June 7th. Shore Capital reaffirmed a “buy” rating on shares of Diageo plc in a research report on Wednesday, June 7th. J P Morgan Chase & Co set a GBX 2,500 ($33.16) price target on Diageo plc and gave the company a “buy” rating in a research note on Friday, June 23rd. Finally, S&P Global set a GBX 2,600 ($34.49) price target on Diageo plc and gave the company a “buy” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 2,555.82 ($33.90).
The stock’s market capitalization is GBX 62.90 billion. The firm has a 50-day moving average price of GBX 2,527.16 and a 200 day moving average price of GBX 2,373.23.
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 ($0.51) 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.
In other news, insider Javier Ferran acquired 65,000 shares of Diageo plc stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of GBX 2,503 ($33.20) per share, for a total transaction of £1,626,950 ($2,158,044.83). Also, insider Alan Stewart acquired 4,076 shares of Diageo plc stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of GBX 2,465 ($32.70) per share, with a total value of £100,473.40 ($133,271.52). Over the last quarter, insiders purchased 69,099 shares of company stock worth $172,798,894.
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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