Tectonic Advisors LLC Invests $726,000 in Diageo plc (NYSE:DEO)

Tectonic Advisors LLC purchased a new position in Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,708 shares of the company’s stock, valued at approximately $726,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in shares of Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after buying an additional 86 shares in the last quarter. Diversified Trust Co boosted its stake in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the last quarter. Malaga Cove Capital LLC grew its holdings in Diageo by 3.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after buying an additional 100 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Diageo by 1.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company’s stock worth $918,000 after acquiring an additional 105 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 3.8 %

NYSE DEO opened at $111.52 on Thursday. The stock has a fifty day simple moving average of $122.81 and a 200-day simple moving average of $127.13. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $111.36 and a twelve month high of $154.71.

Analysts Set New Price Targets

DEO has been the topic of several recent research reports. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen boosted their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $129.00.

About Diageo

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.