Joel Isaacson & Co. LLC Has $1.04 Million Stock Position in Diageo plc (NYSE:DEO)

Joel Isaacson & Co. LLC cut its holdings in shares of Diageo plc (NYSE:DEO) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,193 shares of the company’s stock after selling 1,434 shares during the period. Joel Isaacson & Co. LLC’s holdings in Diageo were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Canoe Financial LP lifted its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares during the period. FMR LLC lifted its stake in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after purchasing an additional 147,920 shares during the last quarter. Confluence Investment Management LLC grew its stake in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Diageo by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after purchasing an additional 229,946 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Down 1.3 %

NYSE:DEO opened at $110.36 on Friday. 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’s 50-day simple moving average is $122.53 and its 200-day simple moving average is $126.91. Diageo plc has a fifty-two week low of $110.18 and a fifty-two week high of $154.71. The stock has a market capitalization of $61.39 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 4.06 and a beta of 0.66.

Analyst Upgrades and Downgrades

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

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.