Cullen Capital Management LLC Has Lowered Holding in Diageo Plc (Adr) (DEO) by $4.03 Million

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Cullen Capital Management Llc decreased its stake in Diageo Plc (Adr) (DEO) by 7.67% based on its latest 2018Q4 regulatory filing with the SEC. Cullen Capital Management Llc sold 28,565 shares as the company’s stock rose 7.10% with the market. The institutional investor held 344,075 shares of the beverages (production and distribution) company at the end of 2018Q4, valued at $48.79 million, down from 372,640 at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Diageo Plc (Adr) for a number of months, seems to be less bullish one the $98.16B market cap company. The stock increased 1.11% or $1.79 during the last trading session, reaching $163.26. About 620,118 shares traded or 27.01% up from the average. Diageo plc (NYSE:DEO) has risen 16.60% since March 17, 2018 and is uptrending. It has outperformed by 12.23% the S&P500.

Cullen Capital Management Llc, which manages about $3.87 billion and $2.32 billion US Long portfolio, upped its stake in Telefonica Brasil Sa (Adr) by 279,035 shares to 697,955 shares, valued at $8.33 million in 2018Q4, according to the filing.

More notable recent Diageo plc (NYSE:DEO) news were published by: Fool.com which released: “Marijuana Investors Should Watch These 3 Consumer Giants – Motley Fool” on March 03, 2019, also Fool.com with their article: “Is Diageo a Buy? – The Motley Fool” published on March 16, 2019, Investorplace.com published: “7 Retail Stocks Winning in 2019 and Beyond – Investorplace.com” on March 12, 2019. More interesting news about Diageo plc (NYSE:DEO) were released by: Seekingalpha.com and their article: “Diageo/Sichuan Swellfun Tender Offer Looks Risky, But Might Provide An Interesting Shorting Opportunity – Seeking Alpha” published on March 08, 2019 as well as Seekingalpha.com‘s news article titled: “Diageo +5% after strong results – Seeking Alpha” with publication date: January 31, 2019.

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