Insider Buying: Diageo plc (DGE) Insider Buys 369 Shares of Stock
Diageo plc (LON:DGE) insider Franz B. Humer purchased 369 shares of Diageo plc stock in a transaction dated Monday, October 10th. The stock was bought at an average price of GBX 2,242 ($27.75) per share, with a total value of £8,272.98 ($10,238.84).
Diageo plc (LON:DGE) traded up 0.29% during trading on Monday, reaching GBX 2238.00. The company had a trading volume of 3,946,016 shares. The stock’s market capitalization is GBX 56.18 billion. The stock has a 50 day moving average of GBX 2,160.24 and a 200-day moving average of GBX 2,011.35. Diageo plc has a 12-month low of GBX 1,724.50 and a 12-month high of GBX 2,286.50.
The company also recently disclosed a dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, August 11th were paid a GBX 36.60 ($0.45) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.67%. This is an increase from Diageo plc’s previous dividend of $22.60.
Several equities analysts have recently weighed in on DGE shares. Shore Capital reiterated a “buy” rating on shares of Diageo plc in a research report on Thursday, July 28th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,240 ($27.72) price objective on shares of Diageo plc in a research note on Tuesday, July 5th. Morgan Stanley reissued an “overweight” rating and set a GBX 2,200 ($27.23) price objective on shares of Diageo plc in a research note on Friday, July 15th. Berenberg Bank reissued a “buy” rating and set a GBX 2,350 ($29.08) price objective on shares of Diageo plc in a research note on Monday, July 4th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 2,250 ($27.85) price objective on shares of Diageo plc in a research note on Monday, July 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,164.96 ($26.79).
Diageo plc Company Profile
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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