Diageo (ADR) (DEO)
Builds and distributes an international portfolio of spirits, beer, and non-alcoholic drinks.
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Sells spirits, beer, and non-alcoholic drinks through brands including Johnnie Walker, Guinness, Don Julio, and Tanqueray. A broad international footprint is managed mainly by geography, while premiumization, distributor inventory, alcohol regulation, and agricultural inputs shape performance.
Produces and markets spirits, beer, and non-alcoholic drinks across North America, Europe, Asia Pacific, Latin America and the Caribbean, and Africa. Johnnie Walker, Guinness, Smirnoff, Baileys, Captain Morgan, Crown Royal, Don Julio, Casamigos, and Tanqueray anchor a portfolio sold across more than 180 countries.
Builds category breadth through established global brands, premium tequila and whisky, and newer non-alcoholic offerings such as Guinness 0.0, Seedlip, and Ritual Zero Proof. Management reports the business mainly by geography, while acquisitions, selective disposals, licensing, and distributor relationships reshape local ownership and routes to market.
Execution rests on brand stewardship, consumer demand, responsible marketing, and reliable distributor inventory. Alcohol regulation, tariffs, disposable income, agricultural inputs, water availability, and regional demand shape sales and operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 26, 2026 | TD Cowen | Upgrade | ||
| Jun 25, 2026 | Cowen & Co. | Upgrade | ||
| Jun 18, 2026 | Loop Capital Markets | Target | Target: — | Target: $99 |
| Mar 31, 2026 | Deutsche Bank | Upgrade | ||
| Mar 25, 2026 | Exane BNP Paribas | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.02B · Total debt $22.20B · Total assets $46.85B · Shareholders' equity $10.87B
- Revenue
- $9.18B
- Operating income
- $2.31B
- Net income
- −$258.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | 10.18% | 56.58M ADS | |
|---|---|---|---|
| 749 holders · as of Jun 30, 2026 | |||
| Other | 89.82% | 499.31M ADS | |
| remainder | |||
555.90M ADS as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 1.36% | 7.58M ADS | as of Jun 30, 2026 |
Orbis Allan Gray LtdInstitution | 0.86% | 4.78M ADS | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 0.52% | 2.92M ADS | as of Jun 30, 2026 |
Equity Investment CorpInstitution | 0.30% | 1.67M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 0.30% | 1.64M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Anheuser-Busch InBev (ADR)
Global beer scale challenges Guinness across premium and alcohol-free occasions
- Constellation Brands
U.S. high-end beer leadership plus selective tequila and whiskey overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Diageo (ADR) | $87.86 | +1.20% | $48.26B | 27.8 | — | 2.5 | −1.7% |
| Anheuser-Busch InBev (ADR) | $78.55 | +0.77% | $153.52B | 16.5 | — | 2.5 | +6.4% |
| Constellation Brands | $119.42 | +0.87% | $20.22B | 11.3 | 10.1 | 2.2 | −3.3% |
| Median | 13.9 | 10.1 | 2.3 | +1.6% |