Diageo Share Discussion Threads

[anhar] 29/6/2022 13:25

Indeed, you'd have to be a right mug to take the slightest notice of broker notes. I think phil only posts them as a wind-up.

[philanderer] 29/6/2022 10:26

Deutsche Bank cuts Diageo to 'sell' (hold) - price target 3,230 (4,050) pence

[philanderer] 21/6/2022 15:10

Guinness awarded world's most prestigous product design award, Red Dot

[gateside] 17/6/2022 20:48

Diageo's business model has the ability to absorb cost-of-goods-sold inflation which makes the stock well positioned to navigate through a stagflationary environment, Jefferies analysts say in a research note.

The London-based maker of Johnnie Walker Scotch Whisky and Guinness Stout has been leveraging volume growth, pricing, and premiumization--products with superior quality and price--while productivity improvements are expected to generate GBP1.2 billion in gross saving over the next three years which are likely to become reinvestments, they say. "Despite potential headwinds, we believe that Diageo can deliver within its guidance range given the favorable industry backdrop and strong execution," the analysts say.

[gateside] 17/6/2022 10:46

I'll take Barclays target please!

They can have all my DGE shares for 5040p a share :-)

[philanderer] 17/6/2022 10:13

Credit Suisse cuts Diageo price target to 4,400 (4,700) pence - 'outperform'

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Barclays raises Diageo price target to 5,040 (4,700) pence - 'overweight'

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Jefferies cuts Diageo price target to 4,000 (4,400) pence - 'buy'

[thamestrader] 09/6/2022 14:12

I think what you think (I think?). Load of rubbish. They say what whoever is paying them what they want them to say.

[anhar] 09/6/2022 10:26

So which is it, 3,850 or 4,700? Or is the whole idea of broker forecasts - which almost never give a time scale - rubbish? I know what I think.

[philanderer] 08/6/2022 12:28

Goldman Sachs raises Diageo price target to 4,700 (4,650) pence - 'buy'

[philanderer] 27/5/2022 11:01

Bernstein cuts Diageo price target to 3,850 (4,150) pence - 'market-perform'

[philanderer] 23/5/2022 14:19

MIDAS SHARE TIPS UPDATE: Diageo profits from moving upmarket and focusing on premium products

[tudes100] 28/4/2022 01:22

Consumers do reduce expenditure on consumer discretionary categories like alcohol in recession but for DGE it's possibly about their positioning as a premium brand manufacturer. When times are tough some consumers are less likely to buy the more expensive choice, they trade down and will pick up a brand that offers better value. DGE have proved themselves resilient over the years but they undoubtedly have a portfolio now that is increasingly focused on premium (they call them reserve) brands that offer better margin but arguably are more vulnerable to an economic slowdown.

[thamestrader] 27/4/2022 15:23

Thanks Deutsche. Thanks a bunch.

I wonder how recession-proof DGE is? Does tightening one's belt mean cutting down on the hard stuff?

Naaaagh!

[philanderer] 27/4/2022 14:33

Deutsche Bank cuts Diageo to 'hold' (buy) - price target 3,900 (4,650) pence

[philanderer] 19/4/2022 14:10

Guinness has launched a cold brew coffee beer in the UK as parent company Diageo looks to expand the brand beyond pints of the black stuff.

The new beer, which will be available in 440ml cans in Tesco stores from today and other stores in the coming weeks, has already been on sale in the US for a number of months.

According to Guinness, the drink picks up on the existing coffee flavours in a pint of Guinness by adding cold brew coffee, which has been steeped in cold water for long periods.

The drink has around 2mg of caffeine per can, about the same as a cup of decaf coffee.

[anhar] 07/4/2022 16:14

...and dividends supporting shareholder returns...

That's an odd comment considering the painfully low yield for DGE at present as I show above. Far from supporting returns, that yield is likely to put off investors for whom yield is a serious consideration.

Not that anyone gives a toss about worthless public broker advice, or at least they shouldn't, but anyway, since it was posted here.

[philanderer] 07/4/2022 11:40

Jefferies upgrades Diageo forecasts

Jefferies has upgraded forecasts for drinks company Diageo (DGE), reflecting a continued favourable growth outlook and a recovery in trade sales, according to Edward Mundy, an analyst at the broker.

Mundy believes Diageo is well-positioned to navigate a ‘stagflationary’ environment given its structural growth, pattern of market share gains, the increased demand for premium-level spirits, and a business model that can absorb the cost of goods inflation, underwritten by £1.2bn cost savings recently.

Alongside buybacks and dividends supporting shareholder returns, the growth story is backed by an ambition to boost its share of the global alcoholic beverage market from 4% to 6% this decade.

‘We refresh our estimates to reflect a continued favourable growth environment and a recovery tailwind,’ Mundy said.

Jefferies maintained a ‘buy’ recommendation with a price target of £44 on the stock, which closed up 0.8% at £40.11 on Wednesday.


citywire.com

[anhar] 07/4/2022 09:35

Sure, call it 5,000p and you're breaking my heart at that price. This offer is a special for today only so hurry.

[growthpotential] 06/4/2022 11:38

Can I buy your shares?

[anhar] 06/4/2022 10:48

For income investors like me, DGE yield right now at 4,012p with a historical div of 73.95p is 1.8%, which is far below the market. The forecast yield is slightly higher but remains very low. For this reason it's a tempting sell because the cash could be reinvested in a much higher yielder to boost my port income.

Against that, it is unique in the FTSE100 with no other booze manufacturer there. As I maintain wide diversification, selling would lose my representation in this sector which I'm reluctant to do.

So I've decided to hang on for the time being.

[philanderer] 06/4/2022 10:07

Credit Suisse raises Diageo price target to 4,700 (4,500) pence - 'outperform'

[philanderer] 03/4/2022 16:03

Drinks giant Diageo has announced it’s pumping £24.5m into the regeneration of its east Belfast packaging facility.

The investment is part of a £40.5m cash injection into its site at Marshalls Road, Castlereagh, and another facility in Runcorn, following a surge of sales in Guinness products.

This growth includes its Guinness Draught, Guinness Zero and Guinness Nitrosurge products.

Work will begin immediately at packaging facilities in east Belfast and include the ramping up of canning production.


reddit.com

[philanderer] 23/3/2022 09:46

and another fwiw..


Diageo was up 1.5% after Keppler Cheuvreux upgraded the distiller and brewer to 'buy' from 'hold'. tp 4200p

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