Shares of Diageo PLC (NYSE:DEO) gapped up prior to trading on Monday . The stock had previously closed at $112.93, but opened at $113.04. Diageo PLC shares last traded at $113.69, with a volume of 459,719 shares changing hands.

A number of brokerages recently weighed in on DEO. 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. Barclays PLC cut Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Finally, Societe Generale raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Nine investment 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 an average rating of “Buy” and a consensus price target of $130.22.

The stock has a market cap of $71.34 billion and a P/E ratio of 21.84. The firm’s 50 day moving average is $109.04 and its 200-day moving average is $107.52.

Several hedge funds have 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 during 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 during 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 during the last quarter. MUFG Americas boosted its stake in 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 during the last quarter. Finally, Smith Salley & Associates boosted its stake in Diageo PLC by 3.1% in the fourth quarter. Smith Salley & Associates now owns 29,492 shares of the company’s stock worth $3,217,000 after buying an additional 881 shares during 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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