Sunbelt Securities Inc. Has $407,000 Stock Holdings in Diageo plc (NYSE:DEO)

Sunbelt Securities Inc. lifted its holdings in Diageo plc (NYSE:DEO) by 14.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,737 shares of the company’s stock after purchasing an additional 352 shares during the quarter. Sunbelt Securities Inc.’s holdings in Diageo were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new position in shares of Diageo during the fourth quarter worth approximately $25,000. Planned Solutions Inc. acquired a new position in Diageo during the 4th quarter worth $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 last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter valued at $36,000. Finally, Accent Capital Management LLC bought 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 Stock Performance

Shares of DEO opened at $127.00 on Friday. The stock’s fifty day simple moving average is $136.74 and its 200-day simple moving average is $142.48. Diageo plc has a 12-month low of $126.27 and a 12-month 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.

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.