Diageo plc (LON:DGE – Get Rating)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,757.74 ($45.41) and traded as high as GBX 3,937 ($47.57). Diageo shares last traded at GBX 3,853 ($46.56), with a volume of 5,684,321 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. set a GBX 3,300 ($39.87) price objective on shares of Diageo in a research report on Friday, July 29th. Credit Suisse Group set a GBX 4,550 ($54.98) price target on shares of Diageo in a research note on Friday, July 29th. Morgan Stanley set a GBX 4,100 ($49.54) price target on shares of Diageo in a research note on Tuesday, June 28th. The Goldman Sachs Group set a GBX 4,800 ($58.00) price target on shares of Diageo in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. set a GBX 4,350 ($52.56) price target on shares of Diageo in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 4,132 ($49.93).
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Diageo Price Performance
The stock's 50-day moving average price is GBX 3,813.70 and its 200 day moving average price is GBX 3,757.74. The firm has a market capitalization of £87.82 billion and a price-to-earnings ratio of 2,752.14. The company has a quick ratio of 0.62, a current ratio of 1.53 and a debt-to-equity ratio of 176.36.
Diageo Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, August 25th will be given a GBX 46.82 ($0.57) dividend. This represents a dividend yield of 1.24%. This is a boost from Diageo's previous dividend of $29.36. The ex-dividend date of this dividend is Thursday, August 25th. Diageo's dividend payout ratio is 52.82%.
Insider Activity
In other Diageo news, insider Javier Ferrán bought 234 shares of Diageo stock in a transaction dated Monday, July 11th. The stock was acquired at an average cost of GBX 3,541 ($42.79) per share, for a total transaction of £8,285.94 ($10,012.01). Insiders acquired 667 shares of company stock worth $2,480,913 over the last three months.
Diageo Company Profile
(Get Rating)
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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