Atria Wealth Solutions Inc. Has $1.41 Million Stock Position in Diageo plc (NYSE:DEO)

Atria Wealth Solutions Inc. cut its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 35.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,291 shares of the company's stock after selling 7,200 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Diageo were worth $1,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEO. Kovitz Investment Group Partners LLC raised its holdings in shares of Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after buying an additional 1,822,994 shares during the last quarter. Northern Trust Corp increased its position in Diageo by 39.9% in the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock worth $82,605,000 after purchasing an additional 185,282 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of Diageo during the 1st quarter worth about $16,944,000. GAMMA Investing LLC grew its position in shares of Diageo by 4,656.6% during the 1st quarter. GAMMA Investing LLC now owns 154,305 shares of the company's stock worth $16,170,000 after buying an additional 151,061 shares during the period. Finally, Clark Estates Inc. NY grew its position in shares of Diageo by 116.4% during the 1st quarter. Clark Estates Inc. NY now owns 185,000 shares of the company's stock worth $19,386,000 after buying an additional 99,500 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Diageo stock traded up $0.03 during mid-day trading on Friday, hitting $110.74. 200,771 shares of the company's stock traded hands, compared to its average volume of 1,111,620. The firm has a 50 day simple moving average of $104.15 and a two-hundred day simple moving average of $108.07. Diageo plc has a fifty-two week low of $96.45 and a fifty-two week high of $142.73. The stock has a market cap of $61.61 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 3.34 and a beta of 0.53. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. The Goldman Sachs Group upgraded Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday, August 7th. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo Company Profile

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.