Diageo plc (NYSE:DEO) Stake Cut by D.B. Root & Company LLC

D.B. Root & Company LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 12.9% during the 1st quarter, HoldingsChannel reports. The fund owned 6,656 shares of the company’s stock after selling 988 shares during the period. D.B. Root & Company LLC’s holdings in Diageo were worth $990,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SVB Wealth LLC raised its holdings in Diageo by 1.8% during the fourth quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock valued at $581,000 after buying an additional 70 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE lifted its holdings in Diageo by 0.5% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock worth $2,075,000 after purchasing an additional 72 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Diageo by 3.3% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock worth $327,000 after purchasing an additional 72 shares during the period. Fragasso Group Inc. grew its holdings in Diageo by 2.5% during the first quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock valued at $438,000 after purchasing an additional 73 shares during the last quarter. Finally, Avestar Capital LLC raised its position in shares of Diageo by 4.4% in the fourth quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock valued at $255,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of Diageo stock traded down $0.87 on Friday, reaching $126.08. The stock had a trading volume of 681,965 shares, compared to its average volume of 639,991. Diageo plc has a fifty-two week low of $125.66 and a fifty-two week high of $179.78. The business’s 50-day moving average price is $136.17 and its two-hundred day moving average price is $142.26. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

Diageo Profile

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.