Diageo Offloads Cacique Rum Brand: What Does This Mean for the Stock?
DEO's strategic shifts with the Cacique sale and productivity initiatives pave the way for future growth and market expansion.
UK's Fundsmith says it shed Diageo over management issues, weight loss drugs
Britain's Terry Smith made public for the first time on Thursday why his fund dumped its Diageo stake last year, citing problems with its new management and early signs that weight loss drugs threatened the drinks sector.
United States Steel, Diageo And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Friday.
Diageo Stock: Dividend Aristocrat At A Discount
Diageo's cost-cutting measures aim to save $2 billion over three years, potentially boosting EPS by 30% and offering double-digit returns at current valuation. Despite a slight decline in net sales, Diageo's strong presence in emerging markets like China and India bodes well for future growth. With a 3.3% dividend yield and solid free cash flow, Diageo remains a reliable dividend aristocrat with a robust financial foundation.
Diageo: Premiumization Drives Future Growth; Initiating With 'Buy'
Diageo's diversified portfolio and global distribution channels support its growth, despite a 0.6% organic revenue decline in FY24 due to weak consumer sentiment. The company's premiumization strategy and acquisitions, like Don Papa Rum, are driving price growth and improving margins, making it an attractive investment. Diageo's solid capital allocation, including significant dividends and share repurchases, reflects a healthy balance sheet and strong shareholder returns.
Diageo 'tapping' Irish reserves to offset Guinness shortage
Guinness owner Diageo PLC (LSE:DGE)is reportedly shipping supplies from its reserves from Ireland to the UK to alleviate a shortage of the famous black stout. Stories have been running for weeks ag about shortages of Guinness with some pubs introducing ration cards to distribute what they get fairly.
Diageo ditching Diddy-linked drink brand? Good news, says Jefferies
Diageo PLC (LSE:DGE) is reportedly considering the sale of Ciroc Vodka, the drinks brand backed by disgraced music mogul Sean “Diddy” Combs. According to sources cited by Bloomberg, FTSE 100-listed Diageo has contacted potential buyers, including beverage companies and private equity firms, to gauge interest in the brand.
Wetherspoon boss blasts Guinness owner Diageo for current shortage
JD Wetherspoon PLC's (LSE:JDW) outspoken boss Tim Martin has told Guinness owner Diageo to get its finger out and start brewing more to ease the current shortage of the black stuff. In comments to the FT, Martin said: "I'm going to be having a stern word with them and say: 'What's happened to your crystal ball?
Diageo flat as Guinness rationing comes to a head
Pubs have started to ration Guinness after panic buying exacerbated what was already heading to a tight supply situation over Christmas. Reports started circulating at the start of December that Guinness brewer Diageo PLC (LSE:DGE) was considering ‘managing ‘ supplies in the key holiday period after a recent spike in demand.
Diageo rallies as Guinness maker gets double upgrade from UBS
Diageo PLC (LSE:DGE) rose to the top of the FTSE 100 risers after UBS added its name to the (short) list of brokers predicting a recovery in the Guinness and Johnnie Walker group's fortunes in 2025. In fact, Diageo got a double upgrade from the Swiss bank with its rating rising to 'buy' from ‘sell' based on the prospects for strong growth in areas such as Tequila.
Exclusive: Trump tariff plan puts $3 billion in Diageo, Becle tequila imports at risk
Some $3 billion in tequila and mezcal imports from top makers of the popular spirits, Diageo and Jose Cuervo owner Becle, are at risk from U.S. President-elect Donald Trump's planned tariffs on Mexico, according to Mexican customs data reviewed by Reuters.
Diageo upgraded to 'buy' at Jefferies as new CFO tipped to shake up giant
Diageo PLC (LSE:DGE) is splitting opinion among City analysts with US group Jefferies today upgrading the Guinness and Johnnie Walker group to buy, albeit conceding it has challenges ahead. Deutsche Bank maintained a 'sell' rating yesterday but Jefferies thinks that Diageo will start to look different as confidence in spirits growth increases and under a new, heavyweight CFO.
