|Bid||2,818.00 x 111900|
|Ask||2,865.00 x 382000|
|Day's Range||2,821.00 - 2,859.00|
|52 Week Range||2,345.50 - 2,885.00|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||23.33|
|Earnings Date||Jan 31, 2019|
|Forward Dividend & Yield||0.65 (2.32%)|
|1y Target Est||2,904.00|
The world's largest spirits company, Diageo, is selling 19 lower-end spirits brands to Sazerac for $550 million, to focus on its premium labels, including Johnnie Walker. Fred Katayama reports.
After chatting with the British alcoholic beverage maker Diageo plc (NYSE: DEO )'s management, Macquarie Research maintained its bullish stance on the stock. The Analyst Analyst Caroline Levy maintains ...
Spirits giant Diageo is taking a deeper plunge into bourbon and American whiskey production with plans for a new distillery in Kentucky. The $130 million venture includes plans to build a distillery and warehousing on an approximately 144-acre site at Lebanon in Marion County, the company said Thursday. Diageo officials said the goal is to start production in 2021.
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples Read More...
LONDON/PARIS (Reuters) - Elliott Management has built up a stake in Pernod Ricard and called on the family-backed French drinks company to boost profit margins and improve returns for investors. Elliott said on Wednesday its stake in Pernod Ricard was just over 2.5 percent, its first holding in a French blue-chip, worth around 930 million euros ($1.05 billion). The fund also said it had met Pernod Chairman and CEO Alexandre Ricard to discuss the way ahead.
’s fund has built a $1.1 billion stake in the owner of Jameson Whiskey and Absolut Vodka. Pernod is no basket case. Its sales increased 10% in the latest quarter versus the comparable quarter of 2017, stripping out currency and portfolio changes--better than Diageo managed.
If Elliott wants to shake up a drinks group, Diageo Plc is a better candidate. The activist’s argument for Pernod is that its revenue growth isn't being matched by a sufficient uplift in profit. Consequently, the operating margin is 5 percentage points short of Diageo's.
LONDON/PARIS (Reuters) - Elliott Management has taken a stake in Pernod Ricard (PERP.PA) and wants the family-backed French drinks company to try to improve its performance via cost cuts and a potential merger with a rival. Elliott said on Wednesday its stake in Pernod Ricard was just over 2.5 percent, its first holding in a French blue-chip, worth around 930 million euros (837.2 million pounds). The fund also said it had met Pernod Chairman and CEO Alexandre Ricard to discuss the way ahead.
in an attempt to push the French drinks group to improve margins and corporate governance that drew a frosty response from the French government. Shares in Pernod, the world’s second-biggest spirits group, closed 5.9 per cent higher after Elliott chose to reveal it had amassed a stake of more than 2.5 per cent, now worth about €1bn.
Diageo recognized for second consecutive year for achieving sustainability goals within its operations and supply chain NORWALK, Conn. , Dec. 10, 2018 /PRNewswire/ -- Diageo North America, a global leader ...
OAKLAND, Calif., Dec. 7, 2018 /PRNewswire/ -- In recent years, Bulleit Frontier Whiskey has partnered with its friends on the cultural frontier to create awe-inspiring projects through its Frontier Works platform. From the first ever tattoo billboard collaboration, to the rebirth of neon, and let's not forget the groundbreaking impression art works, Bulleit Frontier Works is a series of projects and collaborations with modern cultural creators. Last night, Bulleit took it to the next level by uniting art, design, cocktails, music, new age lighting and next generation technology to unveil its latest Frontier Work – The Bulleit 3D Printed Frontier- a series of private, invite-only events held at the historic Sixteenth Street Station in Oakland. The magic of The Bulleit 3D Printed Frontier is found in the deep collaboration with some of culture's most inspiring, boundary breaking artists and makers.
YOUR CITY, USA, Nov. 29, 2018 /PRNewswire/ -- It isn't a holiday party until you add Captain Morgan and Adam Devine, so this season, they're hitting up (er, crashing) one lucky house party for the person with the most holiday cheer. Before they set off on this merry adventure, they must identify someone who conveys the Captain's sense of fun and they're turning to Captain Morgan fans for help. Adult party throwers (21 years and older) can tell us why Captain Morgan and Adam need to "crash" their house party by following and commenting on the Captain Morgan brand's Instagram account, @CaptainMorganUSA, and using the hashtag #CaptainsNightInContest.
In 2013 Ivan Menezes was appointed CEO of Diageo plc (LON:DGE). This analysis aims first to contrast CEO compensation with other large companies. Next, we’ll consider growth that the business Read More...
LONDON/PARIS (Reuters) - UK business lined up to help Prime Minister Theresa May sell her draft Brexit agreement but continued to plan for Britain to crash out of the European Union without a deal as May fought for her political survival on Friday. "This agreement is only a draft," Rolls Royce Chief Executive Warren East told BBC radio. Europe's largest aerospace group, Airbus (AIR.PA), is working on the assumption of a no-deal Brexit, according to a staff memo seen by Reuters.
Business leaders expressed growing alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading threatened to unravel, sending stock prices and the pound plunging. Just 12 hours after British Prime Minister Theresa May announced that her cabinet had agreed to the terms of the draft agreement, Brexit minister Dominic Raab and work and pensions minister Esther McVey quit, saying they could not support it. "We must therefore continue to prepare for the worst-case scenario, which is what a no-deal Brexit would represent.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We’ll show how you can use Diageo plc’s (LON:DGE) P/E ratio Read More...
One of the world's richest people and chief executive of Tesla, Musk is known for ambitious and cutting-edge projects ranging from auto electrification and rocket-building to high-speed transit tunnels. Now it seems that Musk could be setting his sights on disrupting the multibillion-dollar tequila industry. Not so fast, said Mexico's Tequila Regulatory Council (CRT).
Diageo honors top performing supply partners at 8th annual gala BALTIMORE , Nov. 13, 2018 /PRNewswire/ -- Diageo North America, a global leader in beverage alcohol, announced its 2018 Supplier Awards during ...
U.S. stock markets plunged on Monday as record drop in shares of Apple and Goldman Sachs, and precipitous decline of crude oil price significantly dented investor confidence
Diageo (DEO) agrees to sell its 19 brands, including Seagram's VO whiskey, to Sazerac for a total consideration of $550 million.
LONDON—Diageo PLC is selling a portfolio of 19 brands, including Seagram’s VO whiskey and cinnamon schnapps Goldschläger, to Sazerac Co. for $550 million as it pivots toward premium brands and higher-growth products. The world’s largest liquor maker, which owns Johnnie Walker whisky and Tanqueray gin, said Monday it would return net proceeds of about £340 million ($441 million) to investors through share buybacks. Diageo hired bankers earlier this year to sell the portfolio, which also includes Myers’s rum, Popov vodka and Romana Sambuca.