Foundations Investment Advisors LLC Sells 291 Shares of Diageo plc (NYSE:DEO)

Foundations Investment Advisors LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,174 shares of the company’s stock after selling 291 shares during the period. Foundations Investment Advisors LLC’s holdings in Diageo were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of DEO. Marshall Wace LLP boosted its holdings in Diageo by 10.5% in the 2nd quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock worth $4,487,000 after buying an additional 3,386 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Diageo by 20.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,889 shares of the company’s stock worth $2,886,000 after acquiring an additional 3,903 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Diageo by 17.2% in the second quarter. NewEdge Advisors LLC now owns 15,227 shares of the company’s stock worth $1,920,000 after acquiring an additional 2,231 shares during the period. Sunbelt Securities Inc. grew its position in shares of Diageo by 19.1% in the second quarter. Sunbelt Securities Inc. now owns 3,261 shares of the company’s stock valued at $411,000 after purchasing an additional 524 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Diageo by 333.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,933 shares of the company’s stock valued at $874,000 after purchasing an additional 5,333 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of NYSE DEO opened at $120.67 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business has a 50-day moving average of $122.84 and a 200-day moving average of $127.50. Diageo plc has a 12 month low of $113.99 and a 12 month high of $154.71.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DEO shares. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus target price of $129.00.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.