Naviter Wealth LLC Grows Stake in Diageo plc (NYSE:DEO)

Naviter Wealth LLC lifted its position in Diageo plc (NYSE:DEO) by 51.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,242 shares of the company’s stock after buying an additional 4,166 shares during the period. Naviter Wealth LLC’s holdings in Diageo were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DEO. Scarborough Advisors LLC purchased a new position in shares of Diageo in the 4th quarter worth $25,000. Planned Solutions Inc. purchased a new position in Diageo during the fourth quarter valued at $27,000. Addison Advisors LLC lifted its position in shares of Diageo by 97.3% in 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 purchased a new position in shares of Diageo in the fourth quarter valued at about $36,000. Finally, Accent Capital Management LLC purchased a new position in shares of Diageo in the fourth quarter valued at about $44,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of Diageo stock traded up $0.39 during trading hours on Tuesday, hitting $126.26. The company’s stock had a trading volume of 806,742 shares, compared to its average volume of 736,065. The business has a 50 day moving average price of $135.85 and a two-hundred day moving average price of $142.11. Diageo plc has a 12-month low of $124.80 and a 12-month high of $179.78. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

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.