Buttonwood Financial Advisors Inc. Has $529,000 Position in Diageo plc $DEO

Key Points

• Buttonwood Financial Advisors Inc. reduced its stake in Diageo plc by 48.6% in Q2, holding 5,242 shares valued at $529,000 after selling 4,963 shares.
• Diageo has announced a semi-annual dividend of $2.5192 per share, representing a yield of 370.0%, up from the previous dividend of $1.62.
• Goldman Sachs upgraded Diageo from a "sell" rating to a "neutral" rating, with a consensus price target of $129.00, while investment analysts have mixed ratings on the stock.

Buttonwood Financial Advisors Inc. lowered its position in shares of Diageo plc (NYSE:DEO - Free Report) by 48.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,242 shares of the company's stock after selling 4,963 shares during the quarter. Buttonwood Financial Advisors Inc.'s holdings in Diageo were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DEO. Brighton Jones LLC acquired a new position in Diageo during the fourth quarter valued at approximately $202,000. Heck Capital Advisors LLC bought a new position in Diageo in the fourth quarter valued at approximately $47,000. Centaurus Financial Inc. lifted its stake in Diageo by 32.7% in the fourth quarter. Centaurus Financial Inc. now owns 5,594 shares of the company's stock valued at $711,000 after buying an additional 1,378 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Diageo by 0.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 61,053 shares of the company's stock valued at $7,762,000 after buying an additional 544 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Diageo by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,925 shares of the company's stock valued at $15,119,000 after buying an additional 559 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Performance

Shares of DEO stock opened at $96.28 on Wednesday. The company's fifty day simple moving average is $106.32 and its 200-day simple moving average is $107.18. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market cap of $53.56 billion, a PE ratio of 14.06, a P/E/G ratio of 3.41 and a beta of 0.59. Diageo plc has a 12 month low of $95.94 and a 12 month high of $142.73.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be given a $2.5192 dividend. This is a boost from Diageo's previous semi-annual dividend of $1.62. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. Diageo's payout ratio is presently 46.42%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.

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