Diageo PLC (NYSE:DEO) saw unusually-high trading volume on Tuesday . Approximately 666,728 shares traded hands during trading, an increase of 33% from the previous session’s volume of 500,847 shares.The stock last traded at $113.12 and had previously closed at $114.91.

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

The stock has a market cap of $70.89 billion and a PE ratio of 24.26. The stock has a 50 day moving average price of $114.50 and a 200 day moving average price of $109.54.

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

An institutional investor recently raised its position in Diageo PLC stock. Trexquant Investment LP increased its stake in shares of Diageo PLC (NYSE:DEO) by 352.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,300 shares of the company’s stock after buying an additional 8,800 shares during the period. Trexquant Investment LP’s holdings in Diageo PLC were worth $1,232,000 at the end of the most recent 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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