Foresight Global Investors Inc. Has $3.59 Million Position in Diageo plc (NYSE:DEO)

Foresight Global Investors Inc. lowered its position in shares of Diageo plc (NYSE:DEO) by 74.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,663 shares of the company’s stock after selling 72,405 shares during the quarter. Diageo makes up approximately 2.1% of Foresight Global Investors Inc.’s holdings, making the stock its 11th biggest holding. Foresight Global Investors Inc.’s holdings in Diageo were worth $3,592,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Meridian Wealth Advisors LLC raised its position in Diageo by 0.8% in the 4th quarter. Meridian Wealth Advisors LLC now owns 19,891 shares of the company’s stock valued at $2,897,000 after purchasing an additional 156 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Diageo by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,161,648 shares of the company’s stock valued at $301,886,000 after buying an additional 137,397 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Diageo by 119.7% in the fourth quarter. Apollon Wealth Management LLC now owns 9,127 shares of the company’s stock valued at $1,329,000 after buying an additional 4,972 shares during the last quarter. Lincoln National Corp lifted its position in Diageo by 18.1% during the 4th quarter. Lincoln National Corp now owns 2,597 shares of the company’s stock worth $378,000 after buying an additional 398 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Diageo by 3.3% during the 4th quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock worth $2,129,000 after acquiring an additional 470 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3,797.50.

Diageo Trading Up 1.4 %

Diageo stock traded up $1.93 during trading hours on Thursday, reaching $142.84. 566,203 shares of the company’s stock traded hands, compared to its average volume of 789,448. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $184.93. The firm’s 50 day moving average is $144.15 and its 200-day moving average is $145.28.

About Diageo

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