Sandy Cove Advisors LLC Boosts Holdings in Diageo plc (NYSE:DEO)

Sandy Cove Advisors LLC lifted its stake in shares of Diageo plc (NYSE:DEO) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,550 shares of the company’s stock after acquiring an additional 500 shares during the period. Sandy Cove Advisors LLC’s holdings in Diageo were worth $826,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Founders Financial Securities LLC lifted its stake in shares of Diageo by 15.4% during the first quarter. Founders Financial Securities LLC now owns 7,527 shares of the company’s stock worth $1,120,000 after purchasing an additional 1,007 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in Diageo by 8.9% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 4,045 shares of the company’s stock worth $602,000 after acquiring an additional 330 shares during the period. Saratoga Research & Investment Management raised its stake in shares of Diageo by 33.7% during the first quarter. Saratoga Research & Investment Management now owns 387,581 shares of the company’s stock valued at $57,649,000 after purchasing an additional 97,691 shares during the period. Independence Bank of Kentucky lifted its position in shares of Diageo by 11.0% during the first quarter. Independence Bank of Kentucky now owns 1,481 shares of the company’s stock worth $220,000 after purchasing an additional 147 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Diageo by 49.5% in the first quarter. Pinnacle Bancorp Inc. now owns 680 shares of the company’s stock valued at $101,000 after purchasing an additional 225 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Down 0.7 %

Diageo stock traded down $0.87 during midday trading on Friday, hitting $126.08. 681,965 shares of the stock were exchanged, compared to its average volume of 639,991. Diageo plc has a 1 year low of $125.66 and a 1 year high of $179.78. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The company has a 50 day moving average price of $136.17 and a two-hundred day moving average price of $142.26.

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.