Shares of Diageo plc (LON:DGE) dropped 0.3% on Monday . The company traded as low as GBX 2,578 ($33.29) and last traded at GBX 2,586.50 ($33.40). Approximately 2,796,805 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 3,541,600 shares. The stock had previously closed at GBX 2,593.50 ($33.49).
DGE has been the topic of a number of recent analyst reports. Liberum Capital reissued a “sell” rating and issued a GBX 2,000 ($25.83) price objective on shares of Diageo plc in a research report on Tuesday, July 11th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 2,435 ($31.45) target price on shares of Diageo plc in a research report on Wednesday, July 19th. Sanford C. Bernstein set a GBX 2,920 ($37.71) target price on shares of Diageo plc and gave the stock a “buy” rating in a research report on Friday, July 28th. Jefferies Group LLC raised their target price on shares of Diageo plc from GBX 2,600 ($33.58) to GBX 2,800 ($36.16) and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Deutsche Bank AG set a GBX 2,175 ($28.09) target price on shares of Diageo plc and gave the stock a “neutral” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. Diageo plc has an average rating of “Buy” and a consensus target price of GBX 2,554.68 ($32.99).
The company’s market capitalization is GBX 65.01 billion. The company has a 50 day moving average price of GBX 2,511.12 and a 200-day moving average price of GBX 2,349.45.
Diageo plc (LON:DGE) last announced its quarterly earnings results on Thursday, July 27th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.09. Diageo plc had a net margin of 21.12% and a return on equity of 23.14%. Equities analysts forecast that Diageo plc will post $105.29 EPS for the current fiscal year.
The firm also recently announced a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 38.50 ($0.50) per share. This is an increase from Diageo plc’s previous dividend of $23.70. This represents a yield of 1.6%. The ex-dividend date is Thursday, August 10th.
In other Diageo plc news, insider Javier Ferran bought 65,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of GBX 2,503 ($32.33) per share, for a total transaction of £1,626,950 ($2,101,188.17). Also, insider Alan Stewart bought 4,076 shares of the company’s stock in a transaction on Friday, July 28th. The shares were acquired at an average price of GBX 2,465 ($31.84) per share, with a total value of £100,473.40 ($129,760.30). Insiders have acquired a total of 69,099 shares of company stock valued at $172,798,894 over the last 90 days.
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About Diageo plc
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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