Diageo (LON:DGE) Sets New 1-Year Low - Here's What Happened

Diageo plc (LON:DGE - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 2,031 ($26.24) and last traded at GBX 2,032.73 ($26.26), with a volume of 30990139 shares. The stock had previously closed at GBX 2,051.50 ($26.51).

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Jefferies Financial Group raised shares of Diageo to a "buy" rating and set a GBX 2,800 ($36.18) price objective for the company in a report on Friday, December 6th. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 2,500 ($32.30) price target on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group raised Diageo to a "buy" rating and lifted their price objective for the company from GBX 2,300 ($29.72) to GBX 2,920 ($37.73) in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of GBX 2,876.67 ($37.17).

Diageo Trading Down 1.6 %

The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The stock has a market cap of £44.72 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.75 and a beta of 0.36. The firm's 50 day simple moving average is GBX 2,203.73.

Diageo Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were paid a dividend of GBX 20.75 ($0.27) per share. This represents a dividend yield of 3.66%. This is a positive change from Diageo's previous dividend of $0.63. The ex-dividend date of this dividend was Thursday, March 20th. Diageo's dividend payout ratio (DPR) is presently 44.25%.

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Insiders Place Their Bets

In related news, insider Nik Jhangiani sold 65,676 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($27.97), for a total transaction of £1,421,885.40 ($1,837,061.24). Insiders have acquired 19 shares of company stock valued at $43,455 in the last ninety days. 0.11% of the stock is currently owned by 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.