Diageo PLC (DEO) Sees Large Volume Increase
Diageo PLC (NYSE:DEO) shares saw unusually-high trading volume on Thursday . Approximately 1,247,822 shares traded hands during mid-day 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.
A number of equities analysts have recently weighed in on DEO shares. Societe Generale reaffirmed a “sell” rating on shares of Diageo PLC in a research report on Wednesday, June 1st. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 15th. Goldman Sachs Group Inc. raised Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. HSBC reaffirmed a “hold” rating on shares of Diageo PLC in a research report on Thursday, June 30th. Finally, Barclays PLC lowered Diageo PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $130.22.
The firm has a 50-day moving average of $108.18 and a 200-day moving average of $107.36. The stock has a market capitalization of $70.70 billion and a P/E ratio of 21.71.
Other large investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in Diageo PLC during the fourth quarter valued at $1,124,000. Trexquant Investment LP raised its stake in Diageo PLC by 352.0% in the fourth quarter. Trexquant Investment LP now owns 11,300 shares of the company’s stock valued at $1,232,000 after buying an additional 8,800 shares in the last quarter. American National Bank & Trust Co. VA raised 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 valued at $1,586,000 after buying an additional 597 shares in the last quarter. Sei Investments Co. raised its stake in Diageo PLC by 21.1% in the fourth quarter. Sei Investments Co. now owns 22,583 shares of the company’s stock valued at $2,463,000 after buying an additional 3,936 shares in the last quarter. Finally, MRJ Capital Inc. raised its stake in Diageo PLC by 24.4% in the fourth quarter. MRJ Capital Inc. now owns 24,500 shares of the company’s stock valued at $2,672,000 after buying an additional 4,800 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.