Diageo Share Discussion Threads

[saltaire111] 26/11/2021 16:35

The music stopped today. The new B52 Covid variant could be a game-changer as it appears to be resistant to the vaccines. If this pushes governments back into locking down boozers etc., could be big trouble.

Salty.

[adrian j boris] 26/11/2021 07:52

Diageo PLC said Friday that that it has started the next tranche of its return of capital program of up to 4.5 billion pounds ($5.99 billion) to shareholders by the end of June 2024.

The liquor maker--which owns Johnnie Walker whisky and Tanqueray gin--said it has entered into an agreement with Goldman Sachs International to enable it to buy back shares with a value of up to GBP550,000.

The non-discretionary agreement, which has started on Friday, will end no later than March 4, it added.

"The purpose of the repurchases is to reduce the share capital of Diageo and all shares repurchased under this agreement will be cancelled," the London-listed company said.



Write to Sabela Ojea at [e-mail]; @sabelaojeaguix



(END) Dow Jones Newswires

November 26, 2021 02:28 ET (07:28 GMT)

[philanderer] 25/11/2021 16:27

Global drinks seller Diageo (DGE) rose nearly 1% to £38.97 after peer Remy Cointreau raised its full-year profit outlook after reporting a stronger-than-expected 104.5% organic jump in first-half operating profit. This was driven by strong demand for its premium cognac in China, the US and Europe.

Sheresmagazine.

[philanderer] 23/11/2021 18:11

Goldman Sachs (NYSE:GS) analyst Olivier Nicolai maintained a Buy rating on Diageo (LON:DGE) plc on Tuesday, setting a price target of £46.5

HTTPS://www.investing.com/news/goldman-sachs-stick-to-their-buy-rating-for-diageo-plc-2687683

[philanderer] 18/11/2021 11:04

updated:

18th nov UBS buy tp 4300p
18th nov Kepler hold tp 3900p
18th nov Barclays overweight tp 4770p
18th nov BOA buy tp 4600p
17th nov Bernstein market perform tp 3600p
17th nov Citigroup neutral tp 4000p
17th nov Deutsche buy tp 4470p
17th nov Berenberg hold tp 3900p
17th nov Credit Suisse outperform tp 4400p
17th nov Jefferies buy tp 4800p
17th nov Morgan Stanley overweight tp 4400p


16th nov ++++ update ++++

[philanderer] 17/11/2021 16:17

(Sharecast News)

- Analysts at Berenberg raised their target price on drinks maker Diageo from £37.0 to £39.0 on Wednesday following the firm's "upbeat" capital markets day.

Berenberg noted that ahead of Diageo's recent capital markets day, the company had updated its 2022 full-year guidance, indicating that it was now expecting to deliver at least 16% organic net sales growth in the first half, and also committed to delivering medium-term organic sales growth within a range of 5-7% and organic operating profit growth of 6-9%.

While the analysts stated the medium-term guidance could be viewed as being in line with expectations, they reckon that the new explicit guidance reflects management's confidence and leaves behind the uncertain times brought by the pandemic.

The German bank added that Diageo offers "attractive exposure to the outperforming spirits market of the US" and acknowledged that despite its "leading position in the US", it had even managed to gain share through the pandemic, in contrast to the share losses experienced in the years preceding.

That said, Berenberg opted to retain its 'hold' recommendation on the stock as its preference among the large spirits players was still Pernod Ricard.


Sharecast.com

[philanderer] 17/11/2021 10:11

BERNSTEIN RAISES DIAGEO PRICE TARGET TO 3,600 (3,480) PENCE - 'MARKET-PERFORM'

CITIGROUP RAISES DIAGEO PRICE TARGET TO 4,000 (3,700) PENCE - 'NEUTRAL'

DEUTSCHE BANK RAISES DIAGEO PRICE TARGET TO 4,470 (4,300) PENCE - 'BUY'

BERENBERG RAISES DIAGEO PRICE TARGET TO 3,900 (3,700) PENCE - 'HOLD'

CREDIT SUISSE RAISES DIAGEO PRICE TARGET TO 4,400 (4,250) PENCE - 'OUTPERFORM'

JEFFERIES RAISES DIAGEO PRICE TARGET TO 4,800 (4,200) PENCE - 'BUY

MORGAN STANLEY RAISES DIAGEO PRICE TARGET TO 4,400 (4,100) PENCE - 'OVERWEIGHT'


'

[philanderer] 16/11/2021 11:56

Diageo shares hit record high as Johnnie Walker owner eyes higher sales and targets greater market share


https://www.thisismoney.co.uk/money/markets/article-10207563/Diageo-shares-hit-record-high-eyes-greater-market-share.html

[philanderer] 05/11/2021 14:14

Brewery launches beer for football team, new gin distillery gears up for third release


The latest drinks releases include beers from Black Sheep Brewery, Wimbledon Brewery and Vocation, and spirits from Smirnoff, Captain Morgan and The Henley Distillery.

HTTPS://WWW.MORNINGADVERTISER.CO.UK/ARTICLE/2021/11/05/ARE-THERE-ANY-NEW-DRINKS-I-SHOULD-STOCK-AT-MY-PUB

[philanderer] 02/11/2021 11:09

Diageo to build new US$75 million distillery to produce the group's first China-origin, single malt whisky


HTTP://www.koreaherald.com/view.php?ud=20211102000861

[wetdream] 01/11/2021 16:32

Presumably the management are bonused on EPS?

[philanderer] 29/10/2021 11:11

Diageo joins Co-op Live as official drinks partner to UK’s biggest arena opening in Manchester


HTTPS://aboutmanchester.co.uk/diageo-joins-co-op-live-as-official-drinks-partner-to-uks-biggest-arena-opening-in-manchester/

[thamestrader] 26/10/2021 11:30

How sensitive is DGE's business to logistics/supply chain disruption? I can't help feeling there will be some pain, especially in the run up to Christmas. Hopefully they have a cunning plan.

[wetdream] 26/10/2021 10:48

As long as the company keep buying their own shares, surely the sky’s the limit?

[jonny_wright] 25/10/2021 10:17

Been a great hold for me, now at all time highs I'll look to cash in after Christmas

[philanderer] 07/10/2021 14:34

Dividend credited to my ii account this morning :-)

[philanderer] 04/10/2021 11:34

CREDIT SUISSE RAISES DIAGEO PRICE TARGET TO 4,200 (3,950) PENCE - 'OUTPERFORM'

[philanderer] 04/10/2021 11:16

Diageo thinking is ‘refreshing’, says AJ Bell
Drinks manufacturer Diageo (DGE) has ridden out the worst of the pandemic and despite benefiting from the ‘premiumisation’ trend the company is not resting on its laurels, says AJ Bell.

The maker of Guinness has reported a strong start to the financial year as bars and restaurants reopen and it continues to be a winner from consumers increasingly ‘opting for premium brands’, said analyst Russ Mould.

‘Impressively, this is expected to bolster margins, despite the company facing extra costs associated with supply chain constraints,’ he said.


HTTPS://citywire.co.uk/funds-insider/news/expert-view-burberry-diageo-whsmith-restaurant-group-and-virgin-money/a1563150?section=funds-insider&_ga=2.248375815.1646346057.1633342391-1694027796.1633342391#i=3

[philanderer] 01/10/2021 11:25

CITIGROUP RAISES DIAGEO PRICE TARGET TO 3,700 (3,500) PENCE - 'NEUTRAL'

GOLDMAN SACHS RAISES DIAGEO PRICE TARGET TO 4,200 (4,000) PENCE - 'BUY'

JPMORGAN RAISES DIAGEO PRICE TARGET TO 3,800 (3,700) PENCE - 'NEUTRAL'

[philanderer] 30/9/2021 11:11

Good update..

RNS

Diageo issues trading commentary ahead of AGM 2021

Ivan Menezes, Chief Executive, commented:

"We have made a strong start to fiscal 22, with organic net sales momentum across all regions. This reflects excellent execution, as we benefit from resilience in the off-trade and continued recovery in the on-trade. However, we expect near-term volatility to remain, including the potential impact of any future waves of Covid-19.

[philanderer] 18/9/2021 00:46

Diageo to build R&D centre in Shanghai

HTTPS://www.foodbev.com/news/diageo-to-build-rd-centre-in-shanghai/

[philanderer] 02/9/2021 22:51

Edinburgh has gained a new landmark by opening the Johnnie Walker Whiskey Emporium at a historic site once occupied by the Bins department store. This is a victim of high street facial changes.

A £ 185m 7-story restoration incorporating the famous Bins watch distills in the future of Premium Scotch when Britain signed a series of free trade agreements with other parts of the world in the post-Brexit era. It symbolizes the belief of the liquor manufacturer Diageo.

Diageo CEO Ivan Menezes sees the new Johnnie Walker home as his company’s window to emerging markets, especially India’s award-winning world.


HTTPS://eminetra.co.uk/diageo-launches-185m-edinburgh-whiskey-emporium/678808/

[philanderer] 02/9/2021 17:02

Vodka and coke in peril: Can shortage at Coca-Cola as Smirnoff maker suffers logistics issues

Coca-Cola Europacific follows the likes of Wetherspoons, McDonald's, Greggs and Nando's in facing supply chain problems - while drinks giant Diageo said it had also had to deal with a "challenging" situation.

Sky News