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

Atria Wealth Solutions Inc. grew its holdings in Diageo plc (NYSE:DEO) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,123 shares of the company’s stock after purchasing an additional 986 shares during the period. Atria Wealth Solutions Inc.’s holdings in Diageo were worth $1,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Public Employees Retirement Association of Colorado boosted its stake in Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after buying an additional 472,583 shares during the period. Private Advisor Group LLC increased its stake in Diageo by 3.3% during the 4th quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock worth $2,129,000 after buying an additional 470 shares during the period. Beacon Financial Group acquired a new stake in Diageo during the 4th quarter worth approximately $296,000. Wellington Management Group LLP boosted its position in Diageo by 56.7% in the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after buying an additional 245,255 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Diageo by 16.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $1,069,000 after buying an additional 1,011 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DEO shares. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold” and an average price target of $2,950.00.

Diageo Price Performance

DEO stock opened at $132.36 on Friday. The business has a 50 day moving average price of $128.23 and a 200 day moving average price of $138.05. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. The stock has a market cap of $73.57 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 3.55 and a beta of 0.67. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $171.07.

Diageo Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be given a $1.62 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th. Diageo’s dividend payout ratio (DPR) is 71.37%.

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.