Cullen Investment Group LTD. Lowers Holdings in Diageo plc (NYSE:DEO)

Cullen Investment Group LTD. decreased its holdings in Diageo plc (NYSE:DEO) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,735 shares of the company’s stock after selling 518 shares during the quarter. Cullen Investment Group LTD.’s holdings in Diageo were worth $408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in shares of Diageo in the fourth quarter valued at approximately $25,000. Planned Solutions Inc. purchased a new position in shares of Diageo in the fourth quarter valued at approximately $27,000. Addison Advisors LLC boosted its stake 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 purchasing an additional 107 shares during the period. Criterion Capital Advisors LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $36,000. Finally, Accent Capital Management LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of NYSE:DEO opened at $129.39 on Thursday. The firm’s 50 day moving average price is $137.53 and its 200 day moving average price is $142.85. Diageo plc has a fifty-two week low of $129.11 and a fifty-two week high of $179.78. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73.

Diageo 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.