Founders Financial Alliance LLC Has $310,000 Position in Diageo plc (NYSE:DEO)

Founders Financial Alliance LLC cut its position in shares of Diageo plc (NYSE:DEO) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,129 shares of the company’s stock after selling 274 shares during the quarter. Founders Financial Alliance LLC’s holdings in Diageo were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in Diageo by 0.4% during the third quarter. Clearbridge Investments LLC now owns 2,384,109 shares of the company’s stock valued at $355,661,000 after purchasing an additional 10,269 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Diageo by 6.8% in the fourth 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 during the period. Markel Group Inc. raised its stake in Diageo by 0.3% during the fourth quarter. Markel Group Inc. now owns 1,354,708 shares of the company’s stock worth $197,327,000 after acquiring an additional 4,500 shares in the last quarter. Royal Bank of Canada increased its position in shares of Diageo by 2.4% during 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 increased its holdings in shares of Diageo by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company’s stock worth $124,817,000 after buying an additional 14,789 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Diageo stock traded down $0.08 on Friday, reaching $136.81. The company’s stock had a trading volume of 367,811 shares, compared to its average volume of 541,146. The business’s fifty day moving average price is $142.13 and its 200 day moving average price is $144.13. 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 twelve month low of $135.63 and a twelve month high of $179.78.

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.