Diageo (LON:DGE) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Diageo plc (LON:DGE - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0 ($0.00) and traded as high as GBX 2,089.50 ($26.98). Diageo shares last traded at GBX 2,080.50 ($26.86), with a volume of 3,236,259 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DGE. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 2,500 ($32.28) price objective on shares of Diageo in a report on Tuesday, January 7th. UBS Group upgraded Diageo to a "buy" rating and raised their price objective for the company from GBX 2,300 ($29.70) to GBX 2,920 ($37.70) in a report on Thursday, December 12th. Finally, Jefferies Financial Group upgraded Diageo to a "buy" rating and set a GBX 2,800 ($36.15) price objective on the stock in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 2,876.67 ($37.14).

Diageo Stock Performance

The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. The firm has a fifty day moving average price of GBX 2,237.81 and a 200 day moving average price of GBX 2,398.93. The firm has a market cap of £45.83 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

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Diageo Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 20.75 ($0.27) per share. This represents a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Diageo's previous dividend of $0.63. Diageo's 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 stock was sold at an average price of GBX 2,165 ($27.95), for a total transaction of £1,421,885.40 ($1,835,875.27). Insiders have purchased a total of 19 shares of company stock worth $43,455 in the last quarter. Company 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.