Diageo PLC Stock Price Declines Amid Executive Share Purchases and Sale of Subsidiary
Diageo PLC, a British consumer staples company, has experienced a decline in its stock price over recent days. The company’s executives have been actively purchasing shares, with the following individuals making purchases:
- Burberry executives
- Diageo executives
- Vodafone executives
In contrast, insiders at AO and M&S have been selling shares. Diageo has also announced the completion of the sale of its shareholding in Seychelles Breweries Limited.
Analysts at Bank of America have revised their price target for Diageo to £22.00 from £24.50, while maintaining a ‘Buy’ rating. The company’s stock price has been influenced by various factors, including its performance in the European market, where it has contributed positively to the Swedbank Robur Access Europa fund.
Key Developments
- Diageo’s stock price has declined in recent days
- Executives at Burberry, Diageo, and Vodafone have purchased shares
- Insiders at AO and M&S have sold shares
- Diageo has completed the sale of its shareholding in Seychelles Breweries Limited
- Bank of America analysts have revised their price target for Diageo to £22.00