Atria Wealth Solutions Inc. Buys 7,397 Shares of Diageo plc (NYSE:DEO)

Atria Wealth Solutions Inc. lifted its stake in shares of Diageo plc (NYSE:DEO) by 56.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter worth $25,000. Eastern Bank grew its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares in the last quarter. Concord Wealth Partners purchased a new position in shares of Diageo during the third quarter valued at $38,000. Modus Advisors LLC bought a new stake in shares of Diageo in the fourth quarter valued at about $35,000. Finally, Heck Capital Advisors LLC purchased a new stake in Diageo in the fourth quarter worth about $47,000. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Up 2.4 %

Shares of Diageo stock opened at $110.54 on Friday. The company has a 50-day simple moving average of $119.17 and a two-hundred day simple moving average of $125.46. Diageo plc has a one year low of $105.72 and a one year high of $154.71. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

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

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.