Diageo (LON:DGE) Hits New 1-Year Low – Here’s Why

Diageo plc (LON:DGE) hit a new 52-week low on Monday . The company traded as low as GBX 1,908 ($24.38) and last traded at GBX 1,952.65 ($24.95), with a volume of 113586484 shares traded. The stock had previously closed at GBX 2,012 ($25.71).

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,500 ($31.94) price objective on shares of Diageo in a research note on Tuesday, January 7th. UBS Group upgraded Diageo to a “buy” rating and increased their price target for the company from GBX 2,300 ($29.39) to GBX 2,920 ($37.31) in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 2,876.67 ($36.76).

Diageo Stock Down 1.0 %

The company has a market cap of £44.89 billion, a price-to-earnings ratio of 11.33, a P/E/G 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. The firm has a 50-day moving average price of GBX 2,135.92 and a 200 day moving average price of GBX 2,360.62.

Diageo Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a GBX 20.75 ($0.27) dividend. This represents a yield of 3.66%. This is a positive change from Diageo’s previous dividend of $0.63. The ex-dividend date was Thursday, March 20th. Diageo’s dividend payout ratio is currently 44.25%.

Insider Transactions at Diageo

In related news, insider Nik Jhangiani sold 65,676 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($27.66), for a total transaction of £1,421,885.40 ($1,816,873.75). Over the last 90 days, insiders bought 19 shares of company stock valued at $43,455. 0.11% of the stock is currently owned by corporate insiders.

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.