DEO - Diageo plc
161.59 +0.18 (0.11%)
Pre-Market: 7:00AM EDT
| Previous Close | 163.10 |
| Open | 162.64 |
| Bid | 161.47 x 2200 |
| Ask | 161.56 x 900 |
| Day's Range | 161.19 - 162.96 |
| 52 Week Range | 131.43 - 176.22 |
| Volume | 511,395 |
| Avg. Volume | 372,692 |
| Market Cap | 95.379B |
| Beta (3Y Monthly) | 0.39 |
| PE Ratio (TTM) | 25.20 |
| EPS (TTM) | 6.40 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 4.24 (2.60%) |
| Ex-Dividend Date | 2019-08-08 |
| 1y Target Est | 172.74 |
- 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.
- GuruFocus.com
Diageo: A Top Beer Stock to Hold During Recessions
Brewers have profitable business models, long-term growth potential and the ability to withstand recessions. This makes Diageo a high-quality dividend growth stock Continue reading...
- PR Newswire
Diageo North America Employees Convene For Local Volunteer Efforts
NEW YORK, Sept. 19, 2019 /PRNewswire/ -- This month, nearly 1000 Diageo North America employees are giving back to communities where the company operates through a series of projects and events across the region. Today alone more than 300 employees from Diageo's New York City and Norwalk, Connecticut offices took part in the second annual Diageo Community Activity and Relief Efforts ("Diageo CAREs") day through a series of projects aimed at restoration and beautification of Lower Manhattan. The location holds particular significance after the company announced earlier this year plans to relocate their primary North America office location to the area.
- Moody's
U.S. Virgin Islands (Government of) -- Moody's confirms US Virgin Islands' Caa3 issuer rating; outlook stable
Rating Action: Moody's confirms US Virgin Islands' Caa3 issuer rating; outlook stable. Global Credit Research- 19 Sep 2019. New York, September 19, 2019-- Moody's Investors Service has confirmed the US ...
- Barrons.com
Guinness Owner Warns Over Global Trade Tensions
Diageo’s stock wobbled on Thursday after the British drinks giant warned it was “not immune” to global trade policy changes.
- Reuters
CORRECTED-UPDATE 1-Diageo keeps organic sales forecast, says not immune to trade policy changes
Spirits maker Diageo Plc said on Thursday it was "not immune" to changes in global trade policies, but based on the current environment expects to meet its full-year organic sales targets. 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. The company also said it expects first-half organic operating profit growth to be in-line with or slightly behind organic net sales growth, due to stronger prior year comparables.
- MarketWatch
Diageo reports good start to 2020
The world’s largest liquor maker said it expects first half organic operating profit growth in-line with, or slightly behind, organic net sales growth.
- Kiplinger
17 Consumer Staples Stocks to Take the Edge Off Your Portfolio
Consumer staples stocks have largely fallen off the radar in recent months. Investors have been much more focused on growth as corporate earnings have pleasantly surprised, the U.S.-China trade spat showed signs of hope and the Federal Reserve decided to keep interest rates steady.Naturally, these more defensive companies haven't been especially red-hot of late. Consumer staples stocks have lagged the marketwide bounce that took shape beginning in late December. But with many other sectors starting to feel the weight of unwieldy gains, and with China trade talks yet again hitting turbulence, the sector might be ready to heat up again.Steve Azoury, founder of financial planning firm Azoury Financial, says, "Consumer staples, the products that people use every day, will always be a big part of America's economy." "The trick," he adds, is identifying the companies that "will stay innovative and update their products and services to excite their customers, and thus the stock prices for investors."Here are 17 of the best consumer staples stocks to invest in at the moment. While some of these are blue-chip stocks that should ring a bell, others are lesser-known companies that serve as the backbone of brands you may be more familiar with. Almost all of them provide varying levels of dividend income. SEE ALSO: 57 Dividend Stocks You Can Count On
- Reuters
UPDATE 2-Diageo averts strike with unions over pay at Scottish distilleries
Diageo Plc averted a planned strike on Tuesday at Scottish distilleries after reaching an agreement on worker pay with the GMB and Unite unions, a representative for the company said. 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.
- 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...
- 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.
- 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%.
- 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.
- 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.
- 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...
- 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.
- PR Newswire
Florida Has A New Orange: Tanqueray Announces The Release Of New Flavor Tanqueray Sevilla Orange
MIAMI, Aug. 26, 2019 /PRNewswire/ -- Tanqueray, widely-known as the world's most celebrated gin, has released Tanqueray Sevilla Orange. Tanqueray Sevilla Orange is created by infusing the brand's four-times distilled classic London Dry gin with the essence of orange. Tanqueray has been making world-class gin for over 185 years.
- 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.
- Yahoo Finance Video
Bourbon exec: Tariffs have had a ‘significant impact’ on business
Old Forester's president says tariffs are bad for his business.
- 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.
- PR Newswire
Johnnie Walker Announces Two New Limited Edition Whiskies Celebrating The Enduring Legacy of Game of Thrones®
NEW YORK, Aug. 19, 2019 /PRNewswire/ -- Johnnie Walker and HBO Licensing & Retail are introducing two new Scotch Whiskies to the realm in honor of the enduring legacy of the critically acclaimed HBO® series Game of Thrones. A continued collaboration with HBO, these limited edition whisky blends are inspired by the iconic and powerful houses of Westeros – House Stark and House Targaryen – and are successors to the White Walker by Johnnie Walker limited edition blend launched in 2018.
