Diageo PLC (NYSE:DEO) fell 0.9% on Friday . The stock traded as low as $112.16 and last traded at $112.63, with a volume of 850,318 shares traded. The stock had previously closed at $113.64.

Several research firms recently weighed in on DEO. Societe Generale restated a “sell” rating on shares of Diageo PLC in a report on Wednesday, June 1st. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Tuesday, March 15th. Barclays PLC lowered Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday. Deutsche Bank AG lowered Diageo PLC from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a report on Thursday, March 17th. Finally, HSBC reiterated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Diageo PLC presently has a consensus rating of “Buy” and a consensus target price of $130.22.

The company has a market cap of $70.70 billion and a PE ratio of 21.59. The firm’s 50 day moving average price is $108.01 and its 200 day moving average price is $107.33.

A number of hedge funds and institutional investors recently bought and sold shares of DEO. ProVise Management Group LLC increased its position 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. Stevens Capital Management LP bought a new position in Diageo PLC during the fourth quarter worth $1,124,000. Trexquant Investment LP increased its position in Diageo PLC by 352.0% in the fourth quarter. Trexquant Investment LP now owns 11,300 shares of the company’s stock worth $1,232,000 after buying an additional 8,800 shares in the last quarter. Buckingham Capital Management Inc. increased its position in Diageo PLC by 29.8% in the third quarter. Buckingham Capital Management Inc. now owns 13,906 shares of the company’s stock worth $1,499,000 after buying an additional 3,196 shares in the last quarter. Finally, American National Bank & Trust Co. VA increased its position 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.

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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