Shares of Diageo PLC (NYSE:DEO) saw unusually-high trading volume on Thursday . Approximately 1,247,822 shares were traded during trading, a decline of 13% from the previous session’s volume of 1,442,235 shares.The stock last traded at $113.55 and had previously closed at $113.63.

DEO has been the topic of several research reports. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Tuesday, March 15th. Deutsche Bank AG downgraded shares of Diageo PLC from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a report on Thursday, March 17th. Societe Generale restated a “sell” rating on shares of Diageo PLC in a report on Wednesday, June 1st. Goldman Sachs Group Inc. upgraded shares of Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, HSBC restated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $130.22.

The company has a market cap of $71.22 billion and a P/E ratio of 21.49. The stock has a 50-day moving average price of $108.01 and a 200 day moving average price of $107.33.

Several hedge funds recently bought and sold shares of the company. Whittier Trust Co. boosted its stake in Diageo PLC by 0.3% in the fourth quarter. Whittier Trust Co. now owns 52,270 shares of the company’s stock worth $5,702,000 after buying an additional 134 shares in the last quarter. Callahan Advisors LLC boosted its stake in Diageo PLC by 0.5% in the fourth quarter. Callahan Advisors LLC now owns 31,156 shares of the company’s stock worth $3,398,000 after buying an additional 145 shares in the last quarter. Tradition Capital Management LLC boosted its stake in Diageo PLC by 1.3% in the fourth quarter. Tradition Capital Management LLC now owns 30,382 shares of the company’s stock worth $3,313,000 after buying an additional 385 shares in the last quarter. American National Bank & Trust Co. VA boosted its stake in Diageo PLC by 4.3% in the fourth quarter. American National Bank & Trust Co. VA now owns 14,537 shares of the company’s stock worth $1,586,000 after buying an additional 597 shares in the last quarter. Finally, ProVise Management Group LLC boosted its stake in Diageo PLC by 7.9% in the fourth quarter. ProVise Management Group LLC now owns 9,532 shares of the company’s stock worth $1,040,000 after buying an additional 700 shares in the last quarter.

Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.

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