General American Investors Company INC Cut Its Diageo Plc Adr (DEO) Holding as Market Value Rose

February 25, 2018 - By marketbeat

General American Investors Company Inc decreased its stake in Diageo Plc Adr (DEO) by 27.72% based on its latest 2017Q3 regulatory filing with the SEC. General American Investors Company Inc sold 35,738 shares as the company’s stock rose 5.26% with the market. The institutional investor held 93,210 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $12.32 million, down from 128,948 at the end of the previous reported quarter. General American Investors Company Inc who had been investing in Diageo Plc Adr for a number of months, seems to be less bullish one the $85.22B market cap company. The stock increased 1.72% or $2.35 during the last trading session, reaching $139.08. About 322,166 shares traded. Diageo plc (NYSE:DEO) has risen 12.82% since February 25, 2017 and is uptrending. It has underperformed by 3.88% the S&P500.

More news for Diageo plc (NYSE:DEO) were recently published by: Seekingalpha.com, which released: “Is Diageo Really Worth $152+?” on September 07, 2017. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For January 29, 2018” and published on January 29, 2018 is yet another important article.

Diageo plc (NYSE:DEO) Ratings Coverage

Among 26 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 7 Hold. Therefore 62% are positive. Diageo has $157.0 highest and $108.63 lowest target. $139.21’s average target is 0.09% above currents $139.08 stock price. Diageo had 42 analyst reports since July 31, 2015 according to SRatingsIntel. Berenberg downgraded Diageo plc (NYSE:DEO) on Wednesday, September 13 to “Hold” rating. HSBC upgraded the shares of DEO in report on Wednesday, October 26 to “Buy” rating. The company was downgraded on Friday, March 31 by Goldman Sachs. Investec upgraded the stock to “Buy” rating in Thursday, August 6 report. The firm has “Neutral” rating by Citigroup given on Thursday, May 25. The firm has “Hold” rating given on Friday, July 31 by Kepler Cheuvreux. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. The stock of Diageo plc (NYSE:DEO) has “Hold” rating given on Friday, October 16 by HSBC. The rating was maintained by Jefferies on Friday, September 1 with “Buy”. The rating was initiated by Liberum Capital with “Hold” on Monday, October 3.

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