Investors sold shares of Diageo PLC (NYSE:DEO) on strength during trading hours on Thursday. $11.85 million flowed into the stock on the tick-up and $35.22 million flowed out of the stock on the tick-down, for a money net flow of $23.37 million out of the stock. Of all stocks tracked, Diageo PLC had the 16th highest net out-flow for the day. Diageo PLC traded up $0.85 for the day and closed at $115.81

Several brokerages have recently commented on DEO. Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a report on Sunday. Barclays PLC lowered shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. HSBC restated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. 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, Societe Generale upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Diageo PLC presently has an average rating of “Hold” and a consensus price target of $128.86.

The company’s 50-day moving average price is $111.81 and its 200-day moving average price is $108.31. The company has a market cap of $72.64 billion and a PE ratio of 24.66.

The business also recently announced a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be issued a $0.192 dividend. The ex-dividend date of this dividend is Wednesday, August 10th.

Other large investors recently added to or reduced their stakes in the company. 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 worth $1,499,000 after buying an additional 3,196 shares during the last quarter. Trexquant Investment LP increased its stake in Diageo PLC by 352.0% in the fourth quarter. Trexquant Investment LP now owns 11,300 shares of the company’s stock worth $1,232,000 after buying an additional 8,800 shares during the last quarter. Tradition Capital Management LLC increased its stake in Diageo PLC by 1.3% in the fourth quarter. Tradition Capital Management LLC now owns 30,382 shares of the company’s stock worth $3,313,000 after buying an additional 385 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Diageo PLC by 1.3% in the fourth quarter. Advisors Asset Management Inc. now owns 86,700 shares of the company’s stock worth $9,456,000 after buying an additional 1,111 shares during the last quarter. Finally, MRJ Capital Inc. increased its stake in Diageo PLC by 24.4% in the fourth quarter. MRJ Capital Inc. now owns 24,500 shares of the company’s stock worth $2,672,000 after buying an additional 4,800 shares during 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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