Diageo PLC (NYSE:DEO) shares saw unusually-high trading volume on Friday . Approximately 1,489,368 shares traded hands during trading, an increase of 53% from the previous session’s volume of 971,284 shares.The stock last traded at $116.80 and had previously closed at $116.99.

DEO has been the topic of a number of research reports. Societe Generale reiterated a “sell” rating on shares of Diageo PLC in a research report on Wednesday, June 1st. Barclays PLC lowered shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Zacks Investment Research lowered shares of Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Goldman Sachs Group Inc. upgraded shares of Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, HSBC restated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Diageo PLC currently has a consensus rating of “Buy” and a consensus price target of $128.86.

The company has a market capitalization of $73.04 billion and a P/E ratio of 22.59. The stock has a 50 day moving average of $110.34 and a 200 day moving average of $108.00.

Several large investors recently made changes to their positions in DEO. MUFG Americas raised its stake in shares of Diageo PLC by 2.8% in the third quarter. MUFG Americas now owns 29,319 shares of the company’s stock valued at $3,160,000 after buying an additional 789 shares during the period. Morgan Stanley increased its stake in Diageo PLC by 10.8% in the fourth quarter. Morgan Stanley now owns 1,553,111 shares of the company’s stock valued at $169,398,000 after buying an additional 150,996 shares in the last quarter. Buckingham Capital Management Inc. increased its stake 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. Smith Salley & Associates increased 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 valued at $3,217,000 after buying an additional 881 shares in the last quarter. Finally, Manitou Investment Management Ltd. increased its stake in Diageo PLC by 2.0% in the fourth quarter. Manitou Investment Management Ltd. now owns 112,210 shares of the company’s stock valued at $12,239,000 after buying an additional 2,190 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.