Diageo ADR

Jefferies has raised its price target for Diageo from 1900 to 2000 pence and maintained the rating at 'Buy'. Analyst Edward Mundy criticizes excessive premiumization that has led to missed appeal among broader customer groups. He now expects Diageo to rebalance premiumization and affordability. » Mere på finanzen.net

Artisan Value Fund announced it sold its position in Diageo, saying the alcoholic beverage category remains highly challenged and Diageo’s balance sheet has weakened as operating results have stalled. The sale was part of broader portfolio moves including exits from Meta Platforms, Humana and PayPal. Artisan also noted market volatility and a preference for companies that can create value through cycles amid recent dislocations. » Mere på finance.yahoo.com

Diageo reported organic net sales growth of 0.3% in Q3 FY26 and reported revenue of $4.48 billion, beating analyst expectations. North America was the weak spot with organic sales down 9.4%, while Africa (+17.1%), Latin America/Caribbean (+16.2%) and Europe (+8.8%) grew strongly. The company confirmed its full-year guidance, expecting an FY26 organic net sales decline of 2–3%, a free cash flow target of $3 billion and around $300 million of savings from the “Accelerate” restructuring program. A strategy update is scheduled for August 6. » Mere på de.investing.com