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

A number of research analysts have commented on DEO shares. Societe Generale reaffirmed a “sell” rating on shares of Diageo PLC in a report on Wednesday, June 1st. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Tuesday, March 15th. Goldman Sachs Group Inc. raised Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. HSBC reissued a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Finally, Barclays PLC lowered Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $130.22.

The stock has a market capitalization of $70.70 billion and a PE ratio of 21.71. The company’s 50-day moving average is $108.18 and its 200-day moving average is $107.36.

A number of institutional investors recently made changes to their positions in DEO. MUFG Americas boosted its position in shares of Diageo PLC by 2.8% in the third quarter. MUFG Americas now owns 29,319 shares of the company’s stock worth $3,160,000 after buying an additional 789 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Diageo PLC by 19.2% in the fourth quarter. Neuberger Berman Group LLC now owns 134,533 shares of the company’s stock worth $14,674,000 after buying an additional 21,637 shares in the last quarter. Sei Investments Co. boosted its position in shares of Diageo PLC by 21.1% in the fourth quarter. Sei Investments Co. now owns 22,583 shares of the company’s stock worth $2,463,000 after buying an additional 3,936 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Diageo PLC by 22.6% in the fourth quarter. First Trust Advisors LP now owns 59,568 shares of the company’s stock worth $6,497,000 after buying an additional 10,990 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Diageo PLC by 66.9% in the fourth quarter. TD Asset Management Inc. now owns 105,146 shares of the company’s stock worth $11,468,000 after buying an additional 42,148 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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