Diageo (LON:DGE) Stock Passes Above 200 Day Moving Average - What's Next?

Diageo plc (LON:DGE - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,089.50 ($27.09). Diageo shares last traded at GBX 2,080.50 ($26.98), with a volume of 3,236,259 shares.

Analyst Upgrades and Downgrades

DGE has been the topic of a number of analyst reports. UBS Group upgraded shares of Diageo to a "buy" rating and increased their price objective for the stock from GBX 2,300 ($29.82) to GBX 2,920 ($37.86) in a research note on Thursday, December 12th. Jefferies Financial Group upgraded shares of Diageo to a "buy" rating and set a GBX 2,800 ($36.31) price target on the stock in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 2,500 ($32.42) target price on shares of Diageo in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 2,876.67 ($37.30).

Diageo Stock Performance

The company has a debt-to-equity ratio of 234.57, a quick ratio of 0.62 and a current ratio of 1.94. The firm has a market cap of £45.83 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.75 and a beta of 0.36. The company's 50 day moving average is GBX 2,246.04 and its 200 day moving average is GBX 2,403.10.

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Diageo Increases Dividend

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

Insider Buying and Selling

In related news, insider Nik Jhangiani sold 65,676 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of GBX 2,165 ($28.07), for a total value of £1,421,885.40 ($1,843,731.07). Insiders have bought 19 shares of company stock worth $43,455 in the last 90 days. Insiders own 0.11% of the company's stock.

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.