Tectonic Advisors LLC cut its holdings in Diageo plc (NYSE:DEO - Free Report) by 62.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,170 shares of the company's stock after selling 3,538 shares during the quarter. Tectonic Advisors LLC's holdings in Diageo were worth $227,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. CoreFirst Bank & Trust purchased a new stake in shares of Diageo in the fourth quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in shares of Diageo in the fourth quarter valued at $25,000. Perkins Coie Trust Co purchased a new stake in shares of Diageo in the first quarter valued at $27,000. Barrett & Company Inc. purchased a new stake in shares of Diageo in the first quarter valued at $27,000. Finally, Abound Financial LLC acquired a new position in Diageo in the first quarter valued at $27,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on DEO. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Diageo currently has an average rating of "Hold" and a consensus target price of $129.00.
View Our Latest Report on Diageo
Diageo Trading Up 0.1%
NYSE:DEO traded up $0.14 on Friday, hitting $103.30. 916,735 shares of the stock were exchanged, compared to its average volume of 993,287. The stock has a market cap of $57.47 billion, a PE ratio of 15.08 and a beta of 0.56. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average of $106.29 and a 200-day moving average of $110.13. Diageo plc has a fifty-two week low of $99.26 and a fifty-two week high of $142.73.
Diageo Company Profile
(
Free Report)
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.
Read More
Before you consider Diageo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diageo wasn't on the list.
While Diageo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
