Diageo plc (LON:DGE) Insider Lavanya Chandrashekar Acquires 6 Shares

Diageo plc (LON:DGE) insider Lavanya Chandrashekar acquired 6 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of GBX 2,443 ($31.19) per share, for a total transaction of £146.58 ($187.16).

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

• On Wednesday, July 10th, Lavanya Chandrashekar bought 6 shares of Diageo stock. The stock was purchased at an average price of GBX 2,482 ($31.69) per share, for a total transaction of £148.92 ($190.14).

Diageo Price Performance

Shares of LON DGE opened at GBX 2,520.50 ($32.18) on Friday. The company has a quick ratio of 0.62, a current ratio of 1.58 and a debt-to-equity ratio of 190.59. The business’s 50 day moving average price is GBX 2,513.14 and its two-hundred day moving average price is GBX 2,728.28. The company has a market cap of £55.96 billion, a PE ratio of 1,750.35, a price-to-earnings-growth ratio of 1.58 and a beta of 0.33. Diageo plc has a twelve month low of GBX 2,165.60 ($27.65) and a twelve month high of GBX 3,339.50 ($42.64).

Diageo Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, August 29th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Diageo’s previous dividend of $0.41. This represents a dividend yield of 1.92%. Diageo’s payout ratio is presently 5,625.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on DGE. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Diageo in a research report on Tuesday, April 30th. Barclays raised their price objective on Diageo from GBX 3,550 ($45.33) to GBX 3,640 ($46.48) and gave the company an “overweight” rating in a report on Wednesday, May 1st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,800 ($35.75) target price on shares of Diageo in a report on Wednesday, June 12th. Citigroup reaffirmed a “buy” rating and set a GBX 3,000 ($38.30) price target on shares of Diageo in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised Diageo to a “sector perform” rating and increased their price objective for the company from GBX 2,100 ($26.81) to GBX 2,400 ($30.64) in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus target price of GBX 3,008 ($38.41).

About Diageo

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.