Buttonwood Financial Advisors Inc. Acquires 185 Shares of Diageo plc (NYSE:DEO)

Buttonwood Financial Advisors Inc. lifted its stake in Diageo plc (NYSE:DEO) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,460 shares of the company’s stock after buying an additional 185 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in Diageo were worth $948,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DEO. Brooklyn Investment Group bought a new stake in shares of Diageo in the 3rd quarter worth about $25,000. Eastern Bank grew its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $35,000. Concord Wealth Partners bought a new position in shares of Diageo in the third quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DEO shares. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Diageo currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Up 4.7 %

Shares of DEO opened at $124.53 on Monday. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The business’s fifty day moving average price is $122.62 and its two-hundred day moving average price is $127.59.

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.