Diageo plc (NYSE:DEO) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its position in shares of Diageo plc (NYSE:DEO) by 1.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,670 shares of the company’s stock after acquiring an additional 155 shares during the period. Atria Wealth Solutions Inc.’s holdings in Diageo were worth $1,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DEO. Compagnie Lombard Odier SCmA acquired a new position in shares of Diageo during the 3rd quarter worth $27,000. Raymond James & Associates raised its stake in Diageo by 2.8% in the 3rd quarter. Raymond James & Associates now owns 570,926 shares of the company’s stock valued at $85,171,000 after purchasing an additional 15,543 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Diageo by 29.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,274 shares of the company’s stock valued at $1,085,000 after purchasing an additional 1,652 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in Diageo by 19.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,575 shares of the company’s stock valued at $235,000 after purchasing an additional 253 shares during the last quarter. Finally, Stonegate Investment Group LLC raised its stake in Diageo by 2.4% in the 3rd quarter. Stonegate Investment Group LLC now owns 8,449 shares of the company’s stock valued at $1,260,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $137.05 on Thursday. Diageo plc has a 12 month low of $135.63 and a 12 month high of $188.23. The company has a 50-day moving average of $145.62 and a 200-day moving average of $145.79. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were paid a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

Analyst Ratings Changes

Several brokerages recently weighed in on DEO. BNP Paribas downgraded shares of Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Argus downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3,797.50.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.