Diageo plc (NYSE:DEO) Shares Acquired by McGinn Penninger Investment Management Inc.

McGinn Penninger Investment Management Inc. boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 61.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,657 shares of the company's stock after purchasing an additional 12,080 shares during the quarter. Diageo comprises approximately 3.4% of McGinn Penninger Investment Management Inc.'s portfolio, making the stock its 12th biggest position. McGinn Penninger Investment Management Inc.'s holdings in Diageo were worth $4,611,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DEO. Clearbridge Investments LLC lifted its holdings in shares of Diageo by 0.4% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 137,397 shares during the last quarter. Markel Group Inc. grew its position in shares of 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 during the last quarter. Royal Bank of Canada grew its position in shares of Diageo by 2.4% during the third quarter. Royal Bank of Canada now owns 1,187,543 shares of the company's stock worth $177,156,000 after acquiring an additional 27,851 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Diageo by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company's stock valued at $124,817,000 after purchasing an additional 14,789 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE:DEO traded down $0.55 during trading hours on Friday, reaching $142.40. 238,124 shares of the company's stock were exchanged, compared to its average volume of 614,682. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a 1-year low of $135.63 and a 1-year high of $179.78. The company has a 50-day moving average of $143.22 and a 200 day moving average of $144.81.

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.

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