Professional Advisory Services INC Decreased Stake in Diageo Plc (NYSE:DEO) by $3.74 Million as Shares Rose


Professional Advisory Services Inc decreased its stake in Diageo Plc (NYSE:DEO) by 23.64% based on its latest 2016Q2 regulatory filing with the SEC. Professional Advisory Services Inc sold 34,918 shares as the company’s stock rose 0.11% with the market. The institutional investor held 112,802 shares of the beverages (production and distribution) company at the end of 2016Q2, valued at $12.17M, down from 147,720 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Diageo Plc for a number of months, seems to be less bullish one the $69.38 billion market cap company. The stock is down 0.76% or $0.85 after the negative news, hitting $111.72 per share. About 110,782 shares traded hands. Diageo plc (ADR) (NYSE:DEO) has risen 8.97% since February 8, 2016 and is uptrending. It has underperformed by 7.51% the S&P500.

Out of 11 analysts covering Diageo (NYSE:DEO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Diageo has been the topic of 13 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the stock on June 28 to “Neutral” rating.

Diageo PLC is an alcoholic beverage company. The company has a market cap of $69.38 billion. The Firm operates in various categories, including spirits and beer. It has a 23.51 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

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