Atria Investments Inc Raises Stock Position in Diageo plc (NYSE:DEO)

Atria Investments Inc lifted its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,211 shares of the company's stock after purchasing an additional 13,061 shares during the period. Atria Investments Inc's holdings in Diageo were worth $8,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DEO. Confluence Investment Management LLC lifted its holdings in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock valued at $170,623,000 after acquiring an additional 284,046 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Diageo by 16.4% in the first quarter. QRG Capital Management Inc. now owns 7,185 shares of the company's stock valued at $1,069,000 after acquiring an additional 1,011 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Diageo by 461.4% in the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company's stock valued at $10,506,000 after acquiring an additional 58,048 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Diageo in the third quarter valued at approximately $9,769,000. Finally, Bleakley Financial Group LLC lifted its stake in Diageo by 346.5% during the first quarter. Bleakley Financial Group LLC now owns 25,524 shares of the company's stock worth $3,796,000 after purchasing an additional 19,808 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

NYSE DEO traded up $0.16 during trading hours on Monday, hitting $120.59. The company had a trading volume of 841,193 shares, compared to its average volume of 755,115. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 1-year low of $118.35 and a 1-year high of $154.71. The business has a 50 day moving average of $132.52 and a 200-day moving average of $132.38.

Analyst Ratings Changes

A number of research firms have commented on DEO. Bank of America upgraded Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Diageo 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.