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 traded. The stock had previously closed at $113.04.

A number of analysts have recently weighed in on the stock. Barclays PLC lowered shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 8th. Societe Generale reiterated a “sell” rating on shares of Diageo PLC in a report on Wednesday, June 1st. HSBC reiterated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $128.86.

The company has a 50 day moving average of $110.34 and a 200-day moving average of $108.00. The firm has a market capitalization of $73.10 billion and a P/E ratio of 24.88.

Other institutional investors recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. raised 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 worth $1,499,000 after buying an additional 3,196 shares during the last quarter. 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 in the last quarter. Tradition Capital Management LLC raised its position in shares of 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. raised its position in shares of 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. 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 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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