Cadence Bank lowered its position in shares of Diageo plc (NYSE:DEO – Free Report) by 10.9% in the first quarter, HoldingsChannel reports. The fund owned 2,340 shares of the company’s stock after selling 286 shares during the period. Cadence Bank’s holdings in Diageo were worth $348,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in DEO. Confluence Investment Management LLC bought a new stake in shares of Diageo during the first quarter worth $125,474,000. Public Employees Retirement Association of Colorado grew its stake in shares of Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after purchasing an additional 472,583 shares during the period. Saratoga Research & Investment Management acquired a new stake in shares of Diageo during the fourth quarter worth $42,225,000. Wellington Management Group LLP grew its stake in shares of Diageo by 56.7% during the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after purchasing an additional 245,255 shares during the period. Finally, Natixis Advisors L.P. grew its stake in shares of Diageo by 55.9% during the fourth quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock worth $94,044,000 after purchasing an additional 231,396 shares during the period. Institutional investors own 8.97% of the company’s stock.
Diageo Trading Up 1.3 %
NYSE:DEO traded up $1.75 on Friday, reaching $132.44. The company’s stock had a trading volume of 654,389 shares, compared to its average volume of 736,394. Diageo plc has a 1-year low of $124.80 and a 1-year high of $178.83. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. The business’s 50-day moving average price is $131.96 and its two-hundred day moving average price is $140.23.
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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.
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