Diageo plc (LON:DGE) declared a dividend on Thursday, January 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, February 22nd will be given a dividend of GBX 24.90 ($0.34) per share on Friday, April 6th. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, February 22nd. The official announcement can be accessed at this link.
Diageo (DGE) opened at GBX 2,496 ($34.48) on Wednesday. Diageo has a one year low of GBX 2,186.50 ($30.21) and a one year high of GBX 2,735.50 ($37.79). The firm has a market capitalization of $61,480.00 and a P/E ratio of 2,208.85.
Diageo (LON:DGE) last released its quarterly earnings data on Thursday, January 25th. The company reported GBX 67.80 ($0.94) earnings per share for the quarter, beating the consensus estimate of GBX 65.70 ($0.91) by GBX 2.10 ($0.03). Diageo had a return on equity of 23.14% and a net margin of 21.12%. The firm had revenue of GBX 653 billion during the quarter.
In other Diageo news, insider Javier Ferrán acquired 30,000 shares of the stock in a transaction dated Friday, January 26th. The stock was acquired at an average price of GBX 2,541 ($35.11) per share, with a total value of £762,300 ($1,053,191.49). In the last ninety days, insiders bought 30,025 shares of company stock valued at $76,294,525.
Several equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on Diageo from GBX 2,800 ($38.68) to GBX 2,900 ($40.07) and gave the company an “overweight” rating in a research note on Monday, January 8th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 2,000 ($27.63) price objective on shares of Diageo in a research note on Tuesday, December 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,900 ($40.07) price objective on shares of Diageo in a research note on Wednesday, January 10th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,900 ($40.07) price objective on shares of Diageo in a research note on Wednesday, November 29th. Finally, Goldman Sachs Group set a GBX 2,460 ($33.99) price objective on Diageo and gave the company a “neutral” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 2,640.82 ($36.49).
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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