Atria Investments Inc Sells 13,733 Shares of Diageo plc $DEO

Atria Investments Inc trimmed its holdings in Diageo plc (NYSE:DEO) by 25.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,785 shares of the company’s stock after selling 13,733 shares during the period. Atria Investments Inc’s holdings in Diageo were worth $3,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management lifted its holdings in shares of Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after acquiring an additional 178 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Diageo by 8,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in shares of Diageo in the third quarter worth about $32,000. Flagship Harbor Advisors LLC bought a new position in shares of Diageo in the fourth quarter worth about $30,000. Finally, GGM Financials LLC acquired a new position in shares of Diageo in the third quarter valued at approximately $36,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Argus raised Diageo to a “hold” rating in a research note on Tuesday, March 10th. HSBC downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Price Performance

Shares of NYSE:DEO opened at $81.73 on Monday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The stock’s fifty day simple moving average is $78.34 and its two-hundred day simple moving average is $86.61. Diageo plc has a 1-year low of $72.45 and a 1-year high of $116.41.

Diageo Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 195.0%.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.