Dearborn Partners LLC cut its holdings in shares of Diageo plc ( NYSE:DEO – Free Report ) by 18.8% during the first quarter, Holdings Channel reports. The firm owned 2,339 shares of the company's stock after selling 540 shares during the quarter. Dearborn Partners LLC's holdings in Diageo were worth $424,000 at the end of the most recent quarter. A number of other large investors have also recently made changes to their positions in DEO. Arcus Capital Partners LLC acquired a new stake in Diageo in the fourth quarter valued at $29,000.

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