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Diageo
(LSE:DGE)
Diageo (DGE) vs. iShares MSCI United Kingdom ETF (EWC)
Diageo Business Overview & Revenue Model
Diageo Earnings Call Summary
Diageo Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.24B | 20.25B | 20.27B | 20.55B | 15.45B | 12.73B |
| Gross Profit | 10.25B | 12.17B | 12.20B | 12.27B | 9.48B | 7.70B |
| EBITDA | 4.29B | 6.36B | 7.24B | 8.06B | 4.93B | 4.28B |
| Net Income | 1.91B | 2.35B | 3.87B | 4.45B | 3.94B | 2.66B |
Balance Sheet | ||||||
| Total Assets | 37.38B | 49.32B | 45.47B | 44.88B | 36.52B | 31.95B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00B | 2.65B | 1.13B | 1.81B | 2.54B | 2.87B |
| Total Debt | 17.99B | 24.40B | 21.50B | 20.79B | 16.02B | 14.73B |
| Total Liabilities | 27.19B | 36.14B | 33.40B | 33.17B | 27.00B | 23.52B |
| Stockholders Equity | 8.62B | 11.09B | 10.03B | 9.86B | 7.80B | 6.90B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 2.69B | 4.55B | 4.33B | 2.84B | 3.03B |
| Operating Cash Flow | 2.67B | 4.30B | 6.07B | 5.74B | 3.94B | 3.65B |
| Investing Cash Flow | -1.38B | -1.72B | -1.59B | -1.43B | -1.34B | -1.09B |
| Financing Cash Flow | -1.49B | -1.49B | -3.11B | -3.04B | -3.26B | -2.79B |
Diageo Technical Analysis
Diageo Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £16.60B | 17.33 | 28.56% | 1.96% | 6.00% | 42.42% | |
70 Outperform | £756.49M | 7.17 | 15.73% | 2.74% | 3.97% | 34.09% | |
70 Outperform | £98.16B | 11.87 | 6.03% | 5.67% | -2.24% | ― | |
66 Neutral | $33.80B | 5.98 | 22.29% | 5.00% | -2.83% | -40.42% | |
65 Neutral | £1.56B | 8.87 | 2.48% | 5.27% | 26.84% | -81.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
47 Neutral | £22.30M | -2.40 | ― | ― | 0.43% | 15.06% |
Diageo Corporate Events
Diageo reported first-half fiscal 2026 net sales of $10.5 billion, down 4%, as organic net sales fell 2.8% on softer demand in North America and continued weakness in Chinese white spirits, despite growth in Europe, Latin America and Africa. Operating profit slipped 1.2% on adverse mix and tariffs, while free cash flow declined to $1.5 billion and management cut full-year guidance to a 2-3% drop in organic net sales and flat to low single-digit growth in organic operating profit.
The group is prioritising balance-sheet strength and financial flexibility, rebasing its dividend with a new 30-50% payout target and a minimum annual floor of 50 cents per share, and declaring an interim dividend of 20 cents. Diageo also expects about $2.3 billion of proceeds from the agreed sale of its stakes in East African Breweries and its Kenyan spirits business, and is pushing ahead with its Accelerate cost-savings programme as new CEO Sir Dave Lewis refocuses strategy on competitiveness, portfolio breadth and customer-centric execution.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed routine share transactions by three Executive Committee members under its One World Share Incentive Plan. Sally Grimes and Hannah Brooks acquired American Depositary Shares on the NYSE, while John O’Keeffe bought ordinary shares in London, each purchase funded via salary deductions and accompanied by the award of matching shares.
The transactions, carried out on 17 February 2026, reflect ongoing alignment of senior executives’ interests with those of shareholders through equity-based compensation. While modest in scale, such activity underscores Diageo’s continued use of share incentive structures to support long‑term commitment and governance transparency for investors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that Senior Independent Director and Remuneration Committee Chair Susan Kilsby will temporarily serve as Executive Chair of Fortune Brands Innovations, Inc., assuming the chief executive’s duties from 12 February to 13 May 2026 before reverting to her role as Non-Executive Chair there. The move underscores the breadth of Kilsby’s external leadership responsibilities but is framed as a time‑limited appointment, suggesting continuity in Diageo’s own board structure while highlighting the cross‑boardroom influence of one of its key non‑executive directors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a series of routine share transactions by senior executives under its 2001 Share Incentive Plan, in line with U.K. Market Abuse Regulation transparency requirements. Chief Financial Officer Nik Jhangiani and several Executive Committee members purchased a small number of partnership shares at £17.84 on the London Stock Exchange and received matching shares at no cost, underscoring ongoing alignment of management incentives with shareholder interests.
The reported dealings involve low volumes of ordinary shares and do not signal any change in control or strategic direction at the company. Instead, they highlight the continued use of share-based remuneration to tie executive rewards to Diageo’s share price performance, a practice that may be viewed positively by investors focused on corporate governance and management–shareholder alignment.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc disclosed that its chair, Sir John Manzoni, purchased 365 ordinary shares in the company on 10 February 2026 on the London Stock Exchange as part of an arrangement with the group. The transaction, carried out at a price of £17.99 per share and reported under UK Market Abuse Regulation rules, underscores board‑level equity alignment and provides additional transparency to investors regarding insider dealings.
The share purchase by the company’s chair may be interpreted by market participants as a modest signal of confidence in Diageo’s prospects, although the volume is relatively small in the context of the group’s overall market capitalization. The disclosure helps maintain regulatory compliance and reinforces governance standards, ensuring that stakeholders are informed about dealings by persons discharging managerial responsibilities.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed transactions by Executive Committee members Sally Grimes and Hannah Brooks under the company’s One World Share Incentive Plan, in line with UK Market Abuse Regulation requirements. Both executives purchased small amounts of Diageo American Depositary Shares via salary deductions and received corresponding 50% matching share awards, underscoring ongoing alignment of senior management compensation with shareholder interests through equity-based incentives.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a routine share transaction involving Executive Committee member John O’Keeffe under the company’s One World Share Incentive Plan. On 19 January 2026, O’Keeffe purchased ordinary partnership shares in Diageo using salary deductions and received a corresponding allocation of matching shares, in line with the plan’s 50% match feature, with the purchase executed on the London Stock Exchange and the matching award made off-market, as required under UK Market Abuse Regulation disclosure rules.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has announced that non-executive director John Rishton will take on an additional external leadership role at Imperial Brands PLC, where he has been appointed non-executive director and chair designate from 13 July 2026, becoming chair on 1 December 2026. The move underscores Diageo’s continued reliance on a board with significant cross-industry governance experience, while signalling that Rishton will play an influential role at another FTSE-listed consumer company, a development that may broaden his external commitments but remains consistent with UK corporate governance and listing rules.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that non-executive director Valerie Chapoulaud-Floquet received 60 ordinary shares in the company through its Dividend Reinvestment Plan, tied to the final dividend paid on 4 December 2025. The transaction, executed on 9 December 2025 on the London Stock Exchange in line with UK Market Abuse Regulation requirements, marginally increases the director’s equity exposure and underscores Diageo’s ongoing use of dividend reinvestment to align board members’ interests with those of shareholders.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that its chair, Sir John Manzoni, received 84 ordinary shares in the company under a Dividend Reinvestment Plan in connection with the final dividend paid on 4 December 2025. The small share acquisition, carried out via the London Stock Exchange, forms part of routine regulatory reporting of transactions by senior management and underscores Diageo’s adherence to UK Market Abuse Regulation transparency requirements for director dealings.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a series of routine share transactions by senior executives under its 2001 Share Incentive Plan, involving the purchase of partnership shares funded by salary deductions and the concurrent award of matching shares. The notified dealings, which include small purchases by Chief Financial Officer Nik Jhangiani and several Executive Committee members at £16.39 per share on 12 January 2026, underscore the company’s ongoing use of equity-based incentives to reinforce management share ownership and comply with UK Market Abuse Regulation transparency requirements.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.10 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that its chair, Sir John Manzoni, purchased 397 ordinary shares in the company on 12 January 2026 under an arrangement with the company, at a price of £16.49 per share on the London Stock Exchange. The transaction, reported in line with UK Market Abuse Regulation requirements, marginally increases the chair’s equity stake and may be seen as a modest signal of confidence in the business from a key board-level insider.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1780.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc has reported that as of 31 December 2025 its issued share capital comprised 2,432,425,480 ordinary shares, of which 205,999,299 were held in treasury without voting rights, resulting in a total of 2,226,426,181 voting rights. The updated voting rights figure provides the market and shareholders with the reference denominator required under UK disclosure and transparency rules to determine when they must report holdings or changes in their interests in the company, supporting regulatory compliance and transparency for investors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2700.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that Executive Committee member Dayalan Nayager purchased 28,960 ordinary shares in the company at a price of £16.04 per share on 30 December 2025 via the London Stock Exchange, in a transaction reported under UK Market Abuse Regulation requirements. The director dealing, formally notified on 5 January 2026, signals insider confidence and provides additional transparency to investors and regulators regarding senior management’s equity interests in the group.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2700.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed director and senior management share dealings under its One World Share Incentive Plan, highlighting ongoing use of equity-based compensation to align executives’ interests with shareholders. Executive Committee members Sally Grimes and John O’Keeffe acquired small numbers of partnership shares in Diageo via salary deductions, with each purchase matched by additional free shares under the plan, in transactions executed on 17 December on the New York and London stock exchanges and partly outside a trading venue.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1775.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed notifications regarding the issuance of ordinary shares to members of its Executive Committee through its Dividend Reinvestment Plan after the final dividend payout on December 4, 2025. By reinvesting dividends, the initiative reinforces the company’s emphasis on shareholder value while ensuring executive alignment with company performance. These transactions, conducted on the London Stock Exchange, further Diageo’s commitment to transparent financial practices.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo announced that members of its Executive Committee received American Depositary Shares under a Dividend Reinvestment Plan related to the final dividend paid on December 4, 2025. This notification highlights the distribution of shares to key personnel, aligning with regulatory requirements and demonstrating the company’s practices in rewarding and retaining leadership stakeholders.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has entered an agreement to sell its 65% shareholding in East African Breweries PLC (EABL) and Kenya-based UDVK spirits business to Asahi Group Holdings for an estimated $2.3 billion. This divestment aligns with Diageo’s strategy to strengthen its balance sheet and focus on core assets, while maintaining long-term licensing agreements with EABL for production and distribution of major Diageo brands. Introducing a major Japanese player, this move positions Asahi to expand its global footprint and brings fresh perspectives to the African beverage market, with implications for stakeholders, employees, and local consumers.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2650.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc announced transactions related to its 2001 Share Incentive Plan, involving the purchase of partnership shares and the awarding of matching shares. These transactions, conducted by key executives, are part of the company’s efforts to align management interests with shareholder value, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2650.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo announced that Sir John Manzoni, the Chair, has purchased 410 ordinary shares of the company at £16.00 each on the London Stock Exchange. This transaction, disclosed under the UK Market Abuse Regulation, highlights the ongoing involvement and confidence of the company’s leadership in its financial prospects.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1821.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc has announced that Melissa Bethell, a non-executive director of the company, has been appointed as a non-executive director of The Magnum Ice Cream Company N.V., which has recently become publicly listed on major stock exchanges. Bethell will take on significant roles at TMICC, including Chair of the Remuneration Committee and member of the Audit Committee, highlighting Diageo’s influence and connections within the corporate governance landscape.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1821.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.