Shares of Diageo PLC (NYSE:DEO) traded up 3.5% on Thursday . The company traded as high as $117.84 and last traded at $117.05, with a volume of 704,429 shares. The stock had previously closed at $113.04.

A number of analysts recently weighed in on the stock. Barclays PLC cut shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Zacks Investment Research cut shares of Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Societe Generale raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. HSBC reaffirmed 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 research report on Tuesday, June 28th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Diageo PLC presently has an average rating of “Buy” and a consensus target price of $128.86.

The firm’s 50-day moving average is $110.10 and its 200-day moving average is $107.92. The firm has a market capitalization of $73.32 billion and a P/E ratio of 22.46.

A number of institutional investors recently modified their holdings of the company. Trexquant Investment LP raised its position 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 during the period. Buckingham Capital Management Inc. raised its position 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 during the period. Sei Investments Co. raised 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 valued at $2,463,000 after buying an additional 3,936 shares during the period. MRJ Capital Inc. raised its position in shares of 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 during the period. Finally, Suntrust Banks Inc. raised its position in shares of Diageo PLC by 20.8% in the fourth quarter. Suntrust Banks Inc. now owns 24,800 shares of the company’s stock valued at $2,704,000 after buying an additional 4,278 shares during the period.

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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