Diageo Share Discussion Threads

[wetdream] 22/12/2021 18:07

Wonder where the share price would be if the company didn't have such a massive ongoing buyback programme?

[robinnicolson] 15/12/2021 13:50

Nick Train wrote about Diageo in the Finsbury Growth & Income Trust 2021 annual report:

Diageo was the Company's most successful stock over the last 12 months, and, partly as a result, is the biggest position, at just under 12% of NAV.
There are decade-long secular trends driving Diageo's business. Most notably the propensity for consumers worldwide to drink less alcohol (which is a good thing), but instead to drink more of better-quality products. This growing taste for premium and super-premium beverage brands has accelerated with the incredible increase in consumer wealth over the last decade, notably in the USA and Asia. With arguably the best collection of prestige spirits brands (and Guinness) Diageo has been and will continue to be a prime beneficiary of these trends. In addition, while we have no view as to whether the inflation pressures afflicting the world in 2021 will turn out to be ephemeral or entrenched, we are sure few companies are better positioned to maintain the real price of their products than Diageo. Would you sooner own a government bond on
a running income yield of 2%, or Diageo on a starting dividend yield of 2%? We can't help worrying that pension schemes around the world that choose the government bond ahead of Diageo, on the grounds that "equities are riskier than bonds", are making a costly mistake.

[philanderer] 09/12/2021 11:10

RBC CUTS DIAGEO TO 'UNDERPERFORM' (SECTOR PERFORM) - PRICE TARGET 3,100 (3,000) PENCE

[philanderer] 03/12/2021 14:20

Diageo is inexpensive, says Jefferies


Drinks manufacturer Diageo (DGE) is a ‘core holding’ for broker Jefferies, which believes it is not expensive versus US drinks peers.

Analyst Edward Mundy retained his ‘buy’ recommendation and target price of £48 on the stock, which closed down 0.1% at £38.42 on Thursday.

‘Diageo remains a core holding given the favourable industry backdrop and strong execution,’ he said.

‘The recent upgrade to the medium-term growth framework to 5-7% sales and 6-9% earnings before interest and tax points to confidence in the top and bottom [line] outlook.’

Although the omicron coronavirus variant has brought increased uncertainty to markets, and the first case in America has now been confirmed, Mundy said ‘Diageo’s key US market is relatively well positioned to weather the storm given four out of five drinks are at home’.

‘Diageo is not expensive versus spirits peers and other top quartile staples,’ he added.

citywire.co.uk/

[wetdream] 02/12/2021 18:17

What happens when the company stop buying their own shares?

[philanderer] 01/12/2021 10:15

SOCGEN RAISES DIAGEO TO 'BUY' (SELL) - PRICE TARGET 4,500 (3,050) PENCE

[philanderer] 27/11/2021 00:41

Marke report


....Drinks maker Diageo offered a sip of relief to pensioners and savers who were starved of payouts through the pandemic.

The Johnnie Walker and Guinness owner announced it will buy back £550m worth of shares between now and March 4.

It plans to return £4.5billion to shareholders by June 30, 2024. It has so far bought back £1.7billion of shares, it said yesterday, up to November 12. Buybacks give shareholders a boost as when repurchased shares are cancelled they drive up the value of remaining stock. Diageo shares dropped 3.9 per cent, or 152.5p, to 3759.5p amid wider market chaos.

[saltraider] 26/11/2021 18:40

It just frustrates and annoys me when posters twist the truth in the way that Salty does. It's not through ignorance and it's not by accident. It's manipulative and it's dishonest ... and it's designed to do harm.

[riskonricky] 26/11/2021 17:48

The whole point of the mRNA vaccines is that they can be adapted easily to new strains at the push of a button. Never fear, science has this one.

[saltraider] 26/11/2021 16:50

Err ... no ... Saltaire111. Actually, scientific experts are concerened that it might be more resistant to existing vaccines. Stick to the truth.

[saltraider] 26/11/2021 16:44

Err ... no ... Saltaire111. Actually, scientific experts are concerned that it might be more resistant to existing vaccines. Stick to the truth.

[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

[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'


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[philanderer] 16/11/2021 11:56

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

[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.

[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

[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

[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?