DEO - Diageo plc

NYSE - NYSE Delayed Price. Currency in USD
163.24
-3.33 (-2.00%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close166.57
Open162.54
Bid163.10 x 1300
Ask163.14 x 800
Day's Range162.30 - 164.16
52 Week Range131.43 - 176.22
Volume422,919
Avg. Volume360,442
Market Cap96.601B
Beta (3Y Monthly)0.39
PE Ratio (TTM)25.49
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield4.24 (2.55%)
Ex-Dividend Date2019-08-08
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters

    UPDATE 1-Diageo unions demand 5% pay rise as they prepare for strikes -source

    Unions at Diageo are demanding a 5% pay rise for workers due to go on strike in Scotland later this month and believe the stoppages will cost the drinks company 1 million pounds ($1.2 million) a day, a source familiar with the matter said. 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.

  • 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%.

  • 6 Safe Dividend Stocks to Buy Now
    InvestorPlace

    6 Safe Dividend Stocks to Buy Now

    [Editor's note: "6 Safe Dividend Stocks to Buy Now" was previously published in June 2019. It has since been updated to include the most relevant information available.] From continuing concerns about the China-U.S. trade war to worries about the yield curve inversion, the stock market still faces many steep risks.America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and there's always volatility lurking somewhere.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdd it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on those stocks as well. * 7 Stocks to Buy In a Flat Market That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Diageo (DEO)Dividend Yield: 2.00%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others. Source: Puamella via Flickr (Modified)DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K. and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Campbell Soup (CPB)Dividend Yield: 3.1%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.Source: Shutterstock That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 Stocks to Buy In a Flat Market Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup as much. Shares are down from $50 in 2017 to $45 now. PacWest Bancorp (PACW)Dividend Yield: 7.15%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.Source: Shutterstock That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a more-than 7% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $4 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 8.7 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 8.61%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 8.61%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually. NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 Stocks to Buy In a Flat Market The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Southern Co (SO)Dividend Yield: 4.13%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Source: Desiree Kane via FlickrSouthern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding more than 4%.Its high yield is in large part, it seems, due to interest rates having gone up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Exxon Mobil (XOM)Dividend Yield: 5%Speaking of things people use in good times and bad, gasoline ranks pretty high on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.Source: Mike Mozart via Flickr (Modified)The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting name in a high-growth market. But at 16.7 times earnings and paying a 4% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.

  • Benzinga

    Shryne Group Hires Former Canndescent, Diageo, LVMH Marketing Exec As CMO

    Elisabeth Baron has joined the Shryne Group as its first Chief Marketing Officer. The Shryne Group is a vertically-integrated cannabis holding company with an asset and license portfolio covering the breadth of California.

  • 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...

  • GuruFocus.com

    What Will Happen If Buybacks Are Banned?

    A response to Aswath Damodaran Continue reading...

  • 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.

  • Reuters

    Pernod's profit growth accelerates, invests in China malt whisky distillery

    Profit growth at spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, accelerated in the 2018/19 financial year, driven by strong demand in China where Pernod will invest $150 million to produce malt whisky. Pernod, which is the world's second-biggest spirits group behind Diageo, handed investors a 32% dividend hike and unveiled plans to buy back up to 1 billion euros ($1.1 billion) in shares. Pernod Ricard is under pressure from U.S. hedge fund Elliott to improve profit margins and corporate governance.

  • 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.

  • InvestorPlace

    Why I’m Still Bullish on Canopy Growth Stock for the Cannabis Long Term

    There's no sugarcoating the truth here. It has been an awful few weeks for pot stocks, particularly the cannabis market leader, Canopy Growth (NYSE:CGC). At the end of April, CGC stock was flying high above $50 - up 90% year-to-date, as investors were getting excited about Canopy's potential entry into the what-will-be-huge U.S. cannabis market. Two bad earnings reports later, the stock has come crashing down.Source: Shutterstock Today, CGC stock trades hands below $30 - nearly 50% off its late April highs, and up just 5% year-to-date, versus a 90% year-to-date gain back in April.If that's not a crash, I don't know what is. Indeed, the crash has been so bad that some bulls have thrown in the towel.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI get it. Stomaching a 50% crash over four months is not an easy thing to do. It does leave one feeling somewhat hopeless, dejected, and unwilling to double down.But, that's exactly what I'm doing here -- doubling down. Investors have to see the forest for the trees here. All this near-term volatility is just noise. Who really cares if Canopy grew sales by 200% or 250% last quarter? Or if gross margins were 20% or 25%? All that really matters is that Canopy continues to position itself as the profitable leader in what will one day be a multi-hundred billion dollar global cannabis market.Canopy is doing just that, and because they are, there is still visibility for Canopy to one day be a $50 to 100 billion company. CGC stock has a market cap of under $10 billion today. Thus, the long-term investment implication is simple: buy on weakness and hold for the long haul. Early Innings for Pot's Global GrowthWhen it comes to CGC stock, investors need to see the big picture here and if they don't want to do that, they probably shouldn't even be looking at the cannabis space at all. * 10 Stocks Under $5 to Buy for Fall The big picture here is that you have a cannabis industry that is in the top of the first inning of a multi-year, global growth narrative. Only one major developed economy has fully legalized cannabis (Canada), where it has been fully legal for less than a year, and that economy is considered one of the smaller fish in the global market. Judging the long-term fate of a cannabis company because they missed sales or earnings estimates last quarter seems … foolish.Doing so would be focusing on a tree. Instead, investors need to take a step back, and look at the forest. Here's what the cannabis forest looks like. There is an overwhelming amount of data out there which implies that cannabis consumption is: on a secular uptrend; nearly as pervasive as alcohol and tobacco consumption; and, in many instances, preferred to alcohol consumption among younger consumers.At the same time, governments around the world are becoming open to consideration of cannabis as a "safe drug" and are gradually progressing toward full legalization. Combining those two observations, the implication is clear: the global cannabis market will be fully legal one day, and when that happens, it will be huge -- like global alcohol and tobacco markets huge. Canopy Growth Stock Still Projects as a Long-Term WinnerThe global alcohol and tobacco markets are several hundred billion dollar to trillion dollar markets. The cannabis market will be that big one day.Each of those markets has also produced several $50 billion to $100 billion-plus companies. See Anheuser-Busch (NYSE:BUD), Diageo (NYSE:DEO), or Heineken (OTCQX:HEINY) in the alcohol world. See Altria (NYSE:MO) and Philip Morris (NYSE:PM) in the tobacco world.The cannabis market will similarly produce several $50 to $100 billion-plus companies at scale. Canopy Growth will be one of them.Even the company's former CEO, Bruce Linton, unceremoniously booted out last month as Canopy's co-CEO and board chair, told BNN Bloomberg he was a buyer of CGC stock after the shares fell on August 15.Right now, Canopy is the biggest cannabis company in the fully legal Canadian market. It also has the largest balance sheet, with the most cash firepower to increase production capacity, expand global distribution, penetrate other cannabis markets, and invest in next-gen product R&D -- overall, sustaining and expanding its leadership position.Canopy is doing all of those things. The company's harvest amounted to more than 40,000 kilograms last quarter -- no one else in this space even comes close to touching that number. Canopy has a deal to acquire Acreage once the U.S. market becomes fully legal, giving the company a clear pathway to penetrating the U.S. market. They also poured over C$8 billion into R&D last quarter. Competitor Tilray (NASDAQ:TLRY) spent less than $2 billion CAD ($1.5 billion) on R&D in the overlapping quarter.In other words, Canopy is doing everything it needs to do in order to be the Anheuser-Bush or Altria of the cannabis world. Big picture, that means CGC stock remains on track to have a $50 billion to $100 billion-plus market cap one day. The market cap today? Under $10 billion. For long-term investors who are willing to ride out the volatility, the implication is clear: buy on weakness and hold for the long haul. Bottom Line on CGC StockWhen it comes to CGC stock, investors need to see the forest for the trees.True, it has a caretaker CEO after Linton fell out with shareholder Constellation Brands (NYSE:STZ), but there are indications that Canopy is looking at candidates from the consumer, pharmaceutical, alcohol and even technology sectors, according to BNN Bloomberg. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond But put that aside for a minute. As well, forget today's depressed gross margins. They are depressed because Canopy is spending an arm and a leg to lay the foundation for long-term growth. Forget today's slowing growth trends. Growth is slowing because Canopy is more focused on maximizing long-term growth, not supercharging near-term improvements.Instead, understand that Canopy is laying the groundwork to become a $50 billion to $100 billion-plus company one day.I get that it's tough to do that on the heels of a 50% sell-off over the past four months. But, CGC stock is still up 5% since January 2019, 20% since January 2018, and 300% since January 2017. So, again, the best thing here is to zoom out and contextualize everything.When you do that, it becomes clear that Canopy is still a winning company, and that CGC stock still has tremendous long term potential.As of this writing, Luke Lango was long CGC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Why I'm Still Bullish on Canopy Growth Stock for the Cannabis Long Term appeared first on InvestorPlace.

  • 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...

  • Reuters

    UPDATE 1-Diageo Scottish union threatens to go on strike in September

    Members of one of Diageo Plc's biggest Scottish unions are set to go on strike, days after talks over pay raise fell through, threatening the production of some the region's most popular whiskies. 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.

  • Reuters

    PRESS DIGEST- British Business - Aug 8

    The following are the top stories on the business pages of British newspapers. Prime Minister Boris Johnson's government needs to loosen regulations and automatically authorise tens of thousands of companies to trade with the European Union to minimise disruption in the event of a no-deal Brexit, industry leaders have warned. The executive chairman of Debenhams will step down next month as the owners of the department stores chain appoint Stefaan Vansteenkiste, a so-called "company doctor", as its next chief executive.

  • 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.

  • Grey Goose wants to inspire consumers with new platform
    Yahoo Finance Video

    Grey Goose wants to inspire consumers with new platform

    Grey Goose Global Vice President Martin de Dreuille joins The Final Round to discuss this summer's hottest drinking trends, the company's ongoing partnership with the U.S. Open, and where Grey Goose fits into the evolving beverage industry.