Meridian Wealth Management LLC Invests $256,000 in Diageo plc (NYSE:DEO)

Meridian Wealth Management LLC bought a new stake in shares of Diageo plc (NYSE:DEOFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,760 shares of the company’s stock, valued at approximately $256,000.

Other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in shares of Diageo in the 4th quarter worth about $27,000. Addison Advisors LLC raised 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 valued at $32,000 after buying an additional 107 shares during the last quarter. Criterion Capital Advisors LLC acquired a new position in shares of Diageo during the fourth quarter worth approximately $36,000. First Command Advisory Services Inc. bought a new position in Diageo in the 3rd quarter worth approximately $48,000. Finally, Orion Capital Management LLC acquired a new stake in Diageo in the 3rd quarter valued at approximately $60,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Down 0.4 %

Shares of DEO opened at $142.40 on Monday. Diageo plc has a one year low of $135.63 and a one year high of $179.78. The stock’s fifty day moving average is $143.22 and its 200-day moving average is $144.74. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

About Diageo

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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