Tectonic Advisors LLC Sells 3,538 Shares of Diageo plc (NYSE:DEO)

Tectonic Advisors LLC decreased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 62.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,170 shares of the company's stock after selling 3,538 shares during the period. Tectonic Advisors LLC's holdings in Diageo were worth $227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new position in shares of Diageo in the 4th quarter valued at about $25,000. Orion Capital Management LLC acquired a new position in shares of Diageo in the 4th quarter valued at about $25,000. Perkins Coie Trust Co acquired a new position in shares of Diageo in the 1st quarter valued at about $27,000. Barrett & Company Inc. acquired a new position in shares of Diageo in the 1st quarter valued at about $27,000. Finally, Abound Financial LLC acquired a new position in shares of Diageo in the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Trading Up 0.1%

DEO traded up $0.14 during trading on Friday, reaching $103.30. 916,735 shares of the company's stock were exchanged, compared to its average volume of 992,361. Diageo plc has a one year low of $99.26 and a one year high of $142.73. 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 market capitalization of $57.47 billion, a PE ratio of 15.08 and a beta of 0.56. The firm has a fifty day moving average price of $106.29 and a two-hundred day moving average price of $110.01.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DEO shares. Berenberg Bank initiated coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $129.00.

Diageo Company Profile

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.