FRG Family Wealth Advisors LLC Sells 800 Shares of Diageo plc (NYSE:DEO)

FRG Family Wealth Advisors LLC reduced its position in Diageo plc (NYSE:DEO) by 16.9% during the third quarter, Holdings Channel reports. The institutional investor owned 3,945 shares of the company’s stock after selling 800 shares during the quarter. FRG Family Wealth Advisors LLC’s holdings in Diageo were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DEO. Triad Wealth Partners LLC acquired a new stake in Diageo in the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the 2nd quarter worth $25,000. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter worth $25,000. Concord Wealth Partners acquired a new position in Diageo during the 3rd quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC raised its stake in Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock valued at $42,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DEO shares. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo has an average rating of “Hold”.

Diageo Stock Performance

Shares of Diageo stock opened at $123.81 on Tuesday. The firm has a fifty day moving average price of $127.04 and a 200 day moving average price of $129.41. Diageo plc has a 1 year low of $117.72 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

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.