Atria Investments Inc Has $6.28 Million Stock Position in Diageo plc $DEO

Atria Investments Inc grew its stake in Diageo plc (NYSE:DEO) by 23.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,231 shares of the company’s stock after purchasing an additional 11,741 shares during the quarter. Atria Investments Inc’s holdings in Diageo were worth $6,275,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Diageo by 3.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,441,300 shares of the company’s stock valued at $151,034,000 after purchasing an additional 42,740 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Diageo by 14.0% in the 2nd quarter. Confluence Investment Management LLC now owns 1,350,826 shares of the company’s stock valued at $136,217,000 after purchasing an additional 165,839 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Diageo by 9.8% in the 1st quarter. Raymond James Financial Inc. now owns 1,069,567 shares of the company’s stock valued at $112,080,000 after purchasing an additional 95,037 shares during the period. LPL Financial LLC lifted its stake in shares of Diageo by 2.2% in the 1st quarter. LPL Financial LLC now owns 434,735 shares of the company’s stock valued at $45,556,000 after purchasing an additional 9,306 shares during the period. Finally, Douglas Lane & Associates LLC lifted its stake in shares of Diageo by 11.7% in the 2nd quarter. Douglas Lane & Associates LLC now owns 419,290 shares of the company’s stock valued at $42,281,000 after purchasing an additional 44,011 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DEO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Finally, Bank of America dropped their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Diageo has an average rating of “Hold” and an average price target of $119.00.

Diageo Trading Up 1.2%

Shares of Diageo stock opened at $92.13 on Friday. Diageo plc has a 12 month low of $90.50 and a 12 month high of $132.34. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $99.90 and its 200 day simple moving average is $104.98.

Diageo Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be paid a $2.5192 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a dividend yield of 516.0%. This is a positive change from Diageo’s previous semi-annual dividend of $1.62.

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.