Atria Wealth Solutions Inc. Increases Stake in Diageo plc

Atria Wealth Solutions Inc. has significantly increased its investment in Diageo plc (NYSE:DEO) by 56.5% during the fourth quarter. This information has emerged from the company's latest Form 13F filing with the SEC. Following this investment, Atria Wealth Solutions Inc. now holds a total of 20,491 shares of Diageo's stock, having acquired an additional 7,397 shares throughout the quarter. The value of Atria's holdings in Diageo at the end of the most recent reporting period is estimated at approximately $2,605,000.

Other Institutional Investments

There have been a number of changes among other institutional investors and hedge funds in relation to Diageo's stock. For example, Brooklyn Investment Group established a new position in Diageo during the third quarter, investing $25,000. Eastern Bank, on the other hand, increased its position in Diageo by an impressive 107.8% in the fourth quarter, resulting in a total of 241 shares, valued at $31,000 after acquiring 125 additional shares. Concord Wealth Partners also entered the investment scene by purchasing a new position valued at $38,000 during the third quarter. Moreover, Modus Advisors LLC and Heck Capital Advisors LLC have made investments in Diageo, with stakes valued at about $35,000 and $47,000, respectively, both in the fourth quarter. Collectively, institutional investors own around 8.97% of Diageo's stock.

Analyst Opinions

Several analysts have recently updated their views on Diageo's stock. TD Cowen raised its target price from $124.00 to $129.00, assigning a "hold" rating in a research report on January 8th. Meanwhile, UBS Group upgraded Diageo from a "sell" to a "buy" rating in December, while Jefferies Financial Group similarly raised its rating from "hold" to "buy". Presently, one analyst has issued a sell rating, two have given it a hold rating, and four have rated it as a buy. According to data from MarketBeat.com, Diageo's overall average rating stands at "Hold" with an average price target of $129.00.

Stock Performance Overview

As of the last trading day, Diageo shares opened at $110.54. The company’s stock has shown a 50-day simple moving average of $119.17 and a 200-day simple moving average of $125.46. The price range for Diageo over the past year has been between a low of $105.72 and a high of $154.71. Furthermore, the company reports a current ratio of 1.60, a quick ratio of 0.67, and a debt-to-equity ratio of 1.62.

Dividends and Future Outlook

Recently, Diageo announced a semi-annual dividend that is set to be paid on April 24th. Shareholders of record by February 28th will receive a dividend of $1.62 per share, which translates to a dividend yield of 3.8%.

About Diageo plc

Diageo plc, along with its subsidiaries, is involved in the manufacturing, marketing, and distribution of various alcoholic beverages. Their product range includes scotch, gin, vodka, rum, tequila, liqueurs, wines, and many others, besides including beer and flavored malt beverages. They also offer whiskies from different regions around the world.

Atria, Diageo, Investment