Fortitude Family Office LLC Has $304,000 Stake in Diageo plc (NYSE:DEO)

Fortitude Family Office LLC lowered its stake in Diageo plc (NYSE:DEO) by 33.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,390 shares of the company’s stock after selling 1,181 shares during the period. Fortitude Family Office LLC’s holdings in Diageo were worth $304,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Diageo in the 3rd quarter worth approximately $25,000. Modus Advisors LLC bought a new stake in shares of Diageo during the 4th quarter worth $35,000. Concord Wealth Partners acquired a new position in Diageo in the 3rd quarter valued at $38,000. Bruce G. Allen Investments LLC raised its holdings in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. Finally, Davis Capital Management acquired a new position in Diageo during the 3rd quarter worth $55,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

DEO opened at $125.40 on Friday. The stock’s 50 day simple moving average is $123.22 and its 200-day simple moving average is $128.36. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The stock has a market cap of $69.76 billion, a PE ratio of 16.97, a P/E/G ratio of 3.73 and a beta of 0.67. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71.

Diageo Profile

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.