Diageo plc (LON:DGE) Insider John Alexander Manzoni Purchases 331 Shares

Diageo plc (LON:DGE) insider John Alexander Manzoni bought 331 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was bought at an average cost of GBX 1,985 ($26.91) per share, for a total transaction of £6,570.35 ($8,906.53).

John Alexander Manzoni also recently made the following trade(s):

• On Monday, May 12th, John Alexander Manzoni bought 299 shares of Diageo stock. The stock was bought at an average cost of GBX 2,194 ($29.74) per share, for a total transaction of £6,560.06 ($8,892.59).
• On Thursday, April 10th, John Alexander Manzoni bought 315 shares of Diageo stock. The stock was bought at an average cost of GBX 2,079 ($28.18) per share, for a total transaction of £6,548.85 ($8,877.39).

Diageo Trading Down 0.9%

Shares of LON:DGE opened at GBX 1,980.02 ($26.84) on Thursday. The company has a market cap of £43.95 billion, a P/E ratio of 11.09, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 234.57, a current ratio of 1.94 and a quick ratio of 0.62. Diageo plc has a 1 year low of GBX 1,908 ($25.86) and a 1 year high of GBX 2,731.50 ($37.03). The stock’s fifty day moving average price is GBX 2,069.36 and its 200-day moving average price is GBX 2,219.44.

Diageo Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were issued a dividend of GBX 20.75 ($0.28) per share. This is an increase from Diageo’s previous dividend of $0.63. This represents a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, March 20th. Diageo’s dividend payout ratio is presently 44.25%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 2,372 ($32.15) target price on shares of Diageo in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,665.33 ($36.13).

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.