Diageo PLC (NYSE:DEO) shares 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.

DEO has been the topic of a number of research analyst reports. Barclays PLC cut Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Societe Generale upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. HSBC reiterated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. upgraded 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 issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $130.22.

The stock has a market capitalization of $70.41 billion and a price-to-earnings ratio of 21.55. The company has a 50-day moving average price of $109.11 and a 200-day moving average price of $107.55.

Several institutional investors recently bought and sold shares of DEO. Buckingham Capital Management Inc. boosted 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 valued at $1,499,000 after buying an additional 3,196 shares in the last quarter. Trexquant Investment LP boosted 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 valued at $1,232,000 after buying an additional 8,800 shares in the last quarter. Tradition Capital Management LLC boosted its position in Diageo PLC by 1.3% in the fourth quarter. Tradition Capital Management LLC now owns 30,382 shares of the company’s stock valued at $3,313,000 after buying an additional 385 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Diageo PLC by 1.3% in the fourth quarter. Advisors Asset Management Inc. now owns 86,700 shares of the company’s stock valued at $9,456,000 after buying an additional 1,111 shares in the last quarter. Finally, MRJ Capital Inc. boosted its position 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.