Grimes & Company Inc. Reduces Position in Diageo plc (NYSE:DEO)

Grimes & Company Inc. lowered its stake in Diageo plc (NYSE:DEO) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,940 shares of the company’s stock after selling 284 shares during the period. Grimes & Company Inc.’s holdings in Diageo were worth $586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Scarborough Advisors LLC purchased a new position in Diageo in the 4th quarter worth $25,000. Planned Solutions Inc. purchased a new position in shares of Diageo in the fourth quarter worth about $27,000. Addison Advisors LLC lifted its holdings in shares of Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after purchasing an additional 107 shares during the period. Criterion Capital Advisors LLC purchased a new stake in Diageo in the fourth quarter valued at approximately $36,000. Finally, Accent Capital Management LLC acquired a new position in Diageo in the 4th quarter worth approximately $44,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 0.7 %

DEO opened at $126.08 on Friday. 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 plc has a 12-month low of $125.66 and a 12-month high of $179.78. The firm has a 50 day moving average of $136.17 and a two-hundred day moving average of $142.26.

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.