Diageo is the largest spirits producer in the world (Johnnie Walker, Smirnoff, Bailey’s, Tanqueray, Captain Morgan, Guinness, etc.) The stock trades mainly in London but is listed in New York as an American Depository Receipt (ADR). Each ADR represents four shares of the company’s common stock.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.Diageo’s share price has now doubled since my initial recommendation and is selling at 23.83 times earnings. Despite a 5% increase in the interim dividend, the yield is down to 2.7%, so it’s time to take some profits. Sell half to lock in gains while retaining an exposure to long-term growth potential from the burgeoning middle class of emerging markets. - Gavin Graham
Current Advice
Hold
Consult your broker/advisor
Capital Gain/Loss
87.8%