Atria Investments Inc Sells 8,713 Shares of Diageo plc $DEO

Atria Investments Inc decreased its holdings in Diageo plc (NYSE:DEO) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,518 shares of the company’s stock after selling 8,713 shares during the period. Atria Investments Inc’s holdings in Diageo were worth $5,107,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DEO. Cibc World Market Inc. lifted its stake in shares of Diageo by 53.6% in the 3rd quarter. Cibc World Market Inc. now owns 163,220 shares of the company’s stock valued at $15,576,000 after purchasing an additional 56,945 shares during the last quarter. Caprock Group LLC bought a new stake in Diageo in the third quarter worth $491,000. ABC Arbitrage SA lifted its position in Diageo by 35.5% in the third quarter. ABC Arbitrage SA now owns 419,082 shares of the company’s stock worth $39,993,000 after buying an additional 109,805 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Diageo by 92.9% during the third quarter. Stratos Wealth Partners LTD. now owns 6,803 shares of the company’s stock worth $649,000 after buying an additional 3,276 shares during the period. Finally, Prospera Financial Services Inc increased its position in Diageo by 0.8% during the third quarter. Prospera Financial Services Inc now owns 18,382 shares of the company’s stock valued at $1,755,000 after acquiring an additional 143 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 0.9%

Shares of NYSE:DEO opened at $99.19 on Friday. The business’s 50 day moving average is $90.14 and its 200 day moving average is $96.17. Diageo plc has a 52-week low of $84.52 and a 52-week high of $116.69. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research cut shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 6th. Finally, Barclays reaffirmed an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.50.

Diageo 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.