Diageo PLC (NYSE:DEO) shares saw strong trading volume on Tuesday . 1,163,063 shares were traded during trading, a decline of 23% from the previous session’s volume of 1,510,079 shares.The stock last traded at $111.83 and had previously closed at $113.82.

Several brokerages have recently issued reports on DEO. Societe Generale reiterated a “sell” rating on shares of Diageo PLC in a report on Wednesday, June 1st. Zacks Investment Research downgraded shares of Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Barclays PLC downgraded shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. HSBC reiterated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. upgraded shares of Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.22.

The stock has a 50-day moving average price of $109.11 and a 200-day moving average price of $107.55. The company has a market cap of $70.00 billion and a P/E ratio of 21.43.

Several large investors recently modified their holdings of the company. Stevens Capital Management LP bought a new stake in shares of Diageo PLC during the fourth quarter valued at $1,124,000. Trexquant Investment LP increased its stake in shares of 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. Buckingham Capital Management Inc. increased its stake in shares of Diageo PLC by 29.8% in the third quarter. Buckingham Capital Management Inc. now owns 13,906 shares of the company’s stock valued at $1,499,000 after buying an additional 3,196 shares in the last quarter. American National Bank & Trust Co. VA increased its stake in shares of 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. Finally, Sei Investments Co. increased its stake 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 valued at $2,463,000 after buying an additional 3,936 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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