Arden Trust Co Decreases Holdings in Diageo plc (NYSE:DEO)

Arden Trust Co cut its stake in shares of Diageo plc (NYSE:DEO) by 10.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,374 shares of the company’s stock after selling 168 shares during the period. Arden Trust Co’s holdings in Diageo were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DEO. Deutsche Bank AG boosted its holdings in Diageo by 4.8% in the 3rd quarter. Deutsche Bank AG now owns 3,688 shares of the company’s stock worth $550,000 after buying an additional 169 shares during the period. QRG Capital Management Inc. bought a new position in shares of Diageo during the 3rd quarter valued at about $875,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Diageo during the 3rd quarter valued at about $1,993,000. Envestnet Asset Management Inc. raised its position in shares of Diageo by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock valued at $98,315,000 after buying an additional 138,406 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Diageo by 10.7% during the 3rd quarter. Invesco Ltd. now owns 132,163 shares of the company’s stock valued at $19,716,000 after buying an additional 12,733 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Down 1.8 %

Diageo stock traded down $2.31 during midday trading on Tuesday, reaching $129.46. The stock had a trading volume of 1,159,866 shares, compared to its average volume of 734,124. 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 52-week low of $129.11 and a 52-week high of $179.78. The company has a fifty day moving average of $137.78 and a 200 day moving average of $142.94.

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.