Courier Capital LLC Decreases Stake in Diageo plc (NYSE:DEO)

Courier Capital LLC reduced its position in Diageo plc (NYSE:DEO) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,970 shares of the company’s stock after selling 410 shares during the period. Courier Capital LLC’s holdings in Diageo were worth $2,227,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new stake in Diageo during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. purchased a new stake in Diageo during the fourth quarter valued at approximately $27,000. Addison Advisors LLC raised its position in Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 107 shares during the period. Criterion Capital Advisors LLC purchased a new stake in Diageo during the fourth quarter valued at approximately $36,000. Finally, Accent Capital Management LLC purchased a new stake in Diageo during the fourth quarter valued at approximately $44,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Trading Down 1.4 %

DEO stock traded down $1.76 during midday trading on Thursday, reaching $127.00. 823,473 shares of the company traded hands, compared to its average volume of 734,236. Diageo plc has a 52-week low of $126.27 and a 52-week high of $179.78. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average of $136.74 and a 200-day moving average of $142.48.

Diageo Company 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.