DEO - Diageo plc

NYSE - NYSE Delayed Price. Currency in USD
163.21
-0.69 (-0.42%)
At close: 4:05PM EDT
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Previous Close163.90
Open162.73
Bid163.39 x 800
Ask163.25 x 1200
Day's Range161.93 - 163.51
52 Week Range131.43 - 176.22
Volume426,075
Avg. Volume362,356
Market Cap96.442B
Beta (3Y Monthly)0.39
PE Ratio (TTM)25.49
EPS (TTM)6.40
Earnings DateN/A
Forward Dividend & Yield4.24 (2.59%)
Ex-Dividend Date2019-08-08
1y Target Est172.74
Trade prices are not sourced from all markets
  • Diageo sets full-year organic sales forecast, says not immune to trade changes
    Reuters

    Diageo sets full-year organic sales forecast, says not immune to trade changes

    The Johnnie Walker whisky and Tanqueray Gin maker said it continues to expect organic net sales growth to be towards the mid-point of a 4% to 6% range and organic operating profit to grow roughly one percentage point ahead of organic net sales.

  • Diageo averts strike with unions over pay at Scottish distilleries
    Reuters

    Diageo averts strike with unions over pay at Scottish distilleries

    The two-year deal includes a 3% pay increase in the first year and then a cost of living increase and a performance-based incentive bonus in the second year, the company said. More than 1,000 workers at Diageo's Scottish distilleries were set to go on strike, starting 2100 GMT on Tuesday. "The offer is a two-year commitment on pay and also sets out a time frame for the negotiation of a new collective agreement," GMB Scotland said http://bit.ly/2ZYXsJC.

  • How Do Analysts See Diageo plc (LON:DGE) Performing Over The Next Few Years?
    Simply Wall St.

    How Do Analysts See Diageo plc (LON:DGE) Performing Over The Next Few Years?

    The latest earnings update Diageo plc (LON:DGE) released in August 2019 suggested that the business gained from a...

  • Diageo unions demand 5% pay rise as they prepare for strikes - source
    Reuters

    Diageo unions demand 5% pay rise as they prepare for strikes - source

    A Diageo spokeswoman said that the unions had initially demanded 5% pay hikes when talks started in May, but had since come down to 3.5%. Members of Scotland's Unite and GMB unions, who make up half of Diageo's 3,000 Scottish workforce, are set to go on rolling strikes at the company's Cameronbridge, Leven and Shieldhall sites in Scotland between Sept. 17 and 27, after talks with Diageo collapsed last month. The unions on Aug. 30 again rejected Diageo's offer to increase wages by 2.8%, after rejecting a prior offer of 2.5%.

  • Diageo Scottish union reveals strike action dates
    Reuters

    Diageo Scottish union reveals strike action dates

    The union said in August that 500 workers at Diageo's Cameron Bridge, Leven and Shieldhall sites had voted in support of industrial action, with strikes at the company's distilling and bottling plants likely to begin in September and go on till November. Unite said that strikes would take place between Sept. 18 to 19 and between Sept. 26 to 27 at Diageo's Cameron Bridge and between Sept. 19 to 20 and between Sept. 26 to 27 at the Leven plant. "Unite warned weeks ago that unless Diageo made a fair offer then our membership would take strike action", Unite regional industrial officer Bob MacGregor said adding that "The door always remains open to further negotiations but strike action is now imminent".

  • Diageo Gains on Innovation, Expansion Efforts: Can It Sustain?
    Zacks

    Diageo Gains on Innovation, Expansion Efforts: Can It Sustain?

    Diageo (DEO) displays solid momentum on strong fundamentals as well as innovation and expansion initiatives. This bolsters the company's performance over the years.

  • Is Diageo plc (LON:DGE) Worth UK£35.04 Based On Its Intrinsic Value?
    Simply Wall St.

    Is Diageo plc (LON:DGE) Worth UK£35.04 Based On Its Intrinsic Value?

    Does the September share price for Diageo plc (LON:DGE) reflect what it's really worth? Today, we will estimate the...

  • Pernod Plans Buyback After Fastest Growth in Seven Years
    Bloomberg

    Pernod Plans Buyback After Fastest Growth in Seven Years

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Pernod Ricard SA reported its strongest annual earnings growth in seven years, fueled by Chinese demand, and announced a 1 billion-euro ($1.1 billion) share buyback.After sales in China surged 21%, the company is doubling down in that market by building a $150 million distillery in Sichuan province to produce single malt whisky. The company also announced the $223 million purchase of New York-based Castle Brands to add Jefferson’s bourbon to its portfolio.The positive results add steam to a distilling industry that’s been an outperformer in the wider consumer-goods sector. The revival of cocktail culture has boosted sales of high-end liquor brands such as Pernod Ricard’s Monkey 47 gin and Martell cognac.Profit from recurring operations rose 8.7% to 2.58 billion euros in the year through June, edging out analysts’ estimates. However, the company forecast profit growth may slow slightly this year to a rate of 5% to 7%.The stock rose as much as 4.6% to a record 174.25 euros Thursday.“We suspect management are being prudent, rather than this being a signal of weaker underlying trends,” wrote Trevor Stirling, an analyst at Sanford C. Bernstein. Last year Pernod Ricard started out with the same forecast, then raised it twice.Pernod Ricard is under pressure after activist investor Elliott Management Corp. took a stake in the company late last year. The buyback follows rival Diageo Plc’s plan to return as much as 4.5 billion pounds ($5.5 billion) to shareholders.The French company also raised its dividend so that it’s now paying out 50% of earnings.“Now that we’ve significantly deleveraged our business to the lowest leverage ratio in at least 15 years, it’s the right time to clarify our strategy with shareholders,” Chief Executive Officer Alexandre Ricard said by phone of the buyback plan. He said the payout ratio has been lower over the past decade because of Pernod Ricard’s acquisition strategy.The distillery in the Chinese city of Emeishan will be the first built buy a foreign spirits maker in that country and is scheduled to begin production in 2021. Pernod Ricard hired Neri & Hu, renowned Chinese architects, to build the site, which it intends to promote as a tourist destination.(Updates with analyst comment in sixth paragraph.)To contact the reporter on this story: Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Thomas Mulier, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • AB InBev Displays Solid 6-Month Run-Up, Adds More Than 25%
    Zacks

    AB InBev Displays Solid 6-Month Run-Up, Adds More Than 25%

    AB InBev's (BUD) premiumization efforts as well as ongoing revenue management initiatives and strength in global brands position it for robust sales growth in the quarters ahead.

  • Bourbon exec: Tariffs have had a ‘significant impact’ on business
    Yahoo Finance Video

    Bourbon exec: Tariffs have had a ‘significant impact’ on business

    Old Forester's president says tariffs are bad for his business.

  • Millennial drinking habits show why White Claw and hard seltzers are just getting started
    Yahoo Finance

    Millennial drinking habits show why White Claw and hard seltzers are just getting started

    Millennial and Gen Z drinkers reveal they are ditching beer for hard seltzers like White Claw, because beer "makes them fat," according to a new survey.

  • Here's Why Diageo (LON:DGE) Can Manage Its Debt Responsibly
    Simply Wall St.

    Here's Why Diageo (LON:DGE) Can Manage Its Debt Responsibly

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Diageo Scottish union threatens to go on strike in September
    Reuters

    Diageo Scottish union threatens to go on strike in September

    Scotland's Unite union said that 500 workers at Diageo's Cameron Bridge, Leven and Shieldhall sites have voted in support of industrial action, with strikes at the company's distilling and bottling plants now likely to begin in September and go on till November. Members of the union were balloted for strike action after a 2.8% pay raise offer by Diageo was rejected by the union last month. "Unite would urge Diageo to get back round the negotiating table with a new offer which fairly rewards its workers who have earned these massive profits for the company," Unite regional industrial officer Bob MacGregor said.

  • Beverage giant Diageo to market Cuban rum
    Reuters

    Beverage giant Diageo to market Cuban rum

    A European subsidiary of British beverage giant Diageo Plc signed a joint venture deal with state-run Cuba Ron SA on Monday to market Santiago de Cuba Rum, in defiance of U.S. efforts to dissuade investment in the Communist-run country. The new 50-50 venture, Ron Santiago SA, will have exclusive international rights to the premium brand, considered the best by local residents along with Havana Club, which is marketed by French firm Pernod Ricard under a similar arrangement signed in the 1990s. The agreement comes at a time when the United States is ramping up sanctions on Cuba and trying to thwart foreign investment there.

  • Diageo buys majority stake in non-alcoholic spirit maker Seedlip
    Reuters

    Diageo buys majority stake in non-alcoholic spirit maker Seedlip

    The maker of Johnnie Walker whisky and Tanqueray gin bought a 20% stake in the maker of spice-based drinks in 2016 through its venture capital arm Distill Ventures. Diageo uses Distill Ventures to invest in small brands that tap into emerging consumer tastes and trends. Shares of Diageo, which did not disclose the terms of the transaction, were up 1%.

  • Diageo plc (LON:DGE) Will Pay A 1.2% Dividend In 2 Days
    Simply Wall St.

    Diageo plc (LON:DGE) Will Pay A 1.2% Dividend In 2 Days

    Readers hoping to buy Diageo plc (LON:DGE) for its dividend will need to make their move shortly, as the stock is...

  • Diageo Benefits From Rising Spirit Prices
    Motley Fool

    Diageo Benefits From Rising Spirit Prices

    Growth was broad based, but tequila was the star once again.

  • Diageo plc (LON:DGE): Commentary On Fundamentals
    Simply Wall St.

    Diageo plc (LON:DGE): Commentary On Fundamentals

    Diageo plc (LON:DGE) is a company with exceptional fundamental characteristics. Upon building up an investment case...

  • Diageo (DEO) FY19 Earnings Gain, Soft Sales View Hurts Stock
    Zacks

    Diageo (DEO) FY19 Earnings Gain, Soft Sales View Hurts Stock

    Diageo (DEO) posts earnings and sales growth for fiscal 2019 on strength across all operations and solid organic operating profit growth. However, its sales view for fiscal 2020 disappoints.

  • Game of Thrones inspired scotch boosts Diageo's sales
    Reuters

    Game of Thrones inspired scotch boosts Diageo's sales

    Diageo reported pre-exceptional earnings per share of 130.8 pence, beating company supplied estimates of 128.8 pence, saying results were also helped by an improved price mix and cost controls. Diageo has been restructuring in recent years to improve performance and streamline its portfolio, while trying to bulk up on newer, hipper brands. The maker of Johnnie Walker scotch whisky, Smirnoff vodka and Guinness stout said operating profit rose 10% to 4 billion pounds ($5 billion) for the year ended June 30.

  • Diageo fails to reach pay deal with Scottish unions, faces strikes
    Reuters

    Diageo fails to reach pay deal with Scottish unions, faces strikes

    Talks over pay between Diageo Plc and two of its biggest Scottish unions fell apart on Wednesday, threatening the production of some the region's most popular whiskies. Members of Scotland's Unite and GMB unions, who make up more than half of Diageo's 3,500 Scottish workforce, will ballot workers for strike action after rejecting on Wednesday an offer to increase pay by 2.8%. Last week, the unions rejected a 2.5% pay raise.