Diageo (NYSE:DEO) Reaches New 12-Month Low at $128.65

Diageo plc (NYSE:DEO) hit a new 52-week low on Wednesday . The company traded as low as $128.65 and last traded at $129.55, with a volume of 107430 shares changing hands. The stock had previously closed at $130.38.

Diageo Stock Down 1.4 %

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 company’s fifty day moving average price is $136.74 and its 200-day moving average price is $142.48.

Institutional Investors Weigh In On Diageo

Several hedge funds have recently added to or reduced their stakes in DEO. Clearbridge Investments LLC boosted its stake in Diageo by 7.0% in the 1st quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock worth $349,785,000 after purchasing an additional 154,497 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Diageo by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,161,648 shares of the company’s stock valued at $301,886,000 after acquiring an additional 137,397 shares in the last quarter. Markel Group Inc. boosted its stake in Diageo by 0.4% during the 1st quarter. Markel Group Inc. now owns 1,360,408 shares of the company’s stock valued at $202,347,000 after purchasing an additional 5,700 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Diageo by 2.4% in the 3rd quarter. Royal Bank of Canada now owns 1,187,543 shares of the company’s stock worth $177,156,000 after purchasing an additional 27,851 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Diageo by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company’s stock worth $124,817,000 after purchasing an additional 14,789 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

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.