Bangor Savings Bank increased its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,995 shares of the company’s stock after purchasing an additional 387 shares during the period. Bangor Savings Bank’s holdings in Diageo were worth $892,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth about $25,000. Planned Solutions Inc. acquired a new stake in Diageo during the 4th quarter worth approximately $27,000. Addison Advisors LLC boosted its position in Diageo by 97.3% in the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after buying an additional 107 shares during the period. Criterion Capital Advisors LLC acquired a new position in shares of Diageo in the fourth quarter worth $36,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Diageo during the fourth quarter worth $44,000. Institutional investors and hedge funds own 8.97% of the company’s stock.
Diageo Price Performance
Shares of NYSE DEO opened at $130.32 on Monday. Diageo plc has a 12-month low of $129.11 and a 12-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’s fifty day simple moving average is $137.21 and its 200-day simple moving average is $142.72.
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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