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

Atria Wealth Solutions Inc. raised its holdings in Diageo plc (NYSE:DEO) by 56.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,491 shares of the company’s stock after acquiring an additional 7,397 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Diageo were worth $2,605,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its position in shares of Diageo by 1,065.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,493 shares of the company’s stock valued at $317,000 after purchasing an additional 2,279 shares during the last quarter. D.A. Davidson & CO. increased its stake in Diageo by 7.2% during the 4th quarter. D.A. Davidson & CO. now owns 4,271 shares of the company’s stock valued at $543,000 after purchasing an additional 288 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Diageo by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 77,710 shares of the company’s stock worth $9,447,000 after buying an additional 2,702 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in shares of Diageo by 9.6% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 2,641 shares of the company’s stock worth $336,000 after buying an additional 231 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Diageo during the fourth quarter valued at $113,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $110.54 on Friday. The firm has a fifty day moving average price of $119.17 and a 200 day moving average price of $125.46. Diageo plc has a 1 year low of $105.72 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%.

Analyst Upgrades and Downgrades

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