Diageo plc (NYSE:DEO) Stock Holdings Lessened by Arden Trust Co

Arden Trust Co trimmed its stake in Diageo plc (NYSE:DEO) by 10.9% in the first quarter, Holdings Channel.com reports. The firm owned 1,374 shares of the company’s stock after selling 168 shares during the quarter. Arden Trust Co’s holdings in Diageo were worth $204,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Scarborough Advisors LLC bought a new position in Diageo during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. bought a new position 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 acquiring an additional 107 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in Diageo during the fourth quarter valued at approximately $36,000. Finally, Accent Capital Management LLC bought a new position in Diageo during the fourth quarter valued at approximately $44,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 1.8 %

DEO stock traded down $2.31 during midday trading on Tuesday, hitting $129.46. 1,159,866 shares of the company traded hands, compared to its average volume of 734,124. Diageo plc has a twelve month low of $129.11 and a twelve month 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 simple moving average of $137.78 and a 200-day simple 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.