Shares of Diageo PLC (NYSE:DEO) gapped up prior to trading on Friday . The stock had previously closed at $111.03, but opened at $112.73. Diageo PLC shares last traded at $115.81, with a volume of 331,264 shares traded.

DEO has been the subject of a number of recent research reports. Societe Generale restated a “sell” rating on shares of Diageo PLC in a research report on Wednesday, June 1st. Zacks Investment Research downgraded 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 restated a “hold” rating on shares of Diageo PLC in a research report on Thursday, June 30th. Finally, Barclays PLC downgraded Diageo PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Diageo PLC has an average rating of “Hold” and an average price target of $128.86.

The stock’s 50-day moving average is $114.47 and its 200-day moving average is $109.63. The firm has a market cap of $72.66 billion and a PE ratio of 24.86.

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

A hedge fund recently raised its stake in Diageo PLC stock. Bank of Montreal Can boosted its stake in shares of Diageo PLC (NYSE:DEO) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,704 shares of the company’s stock after buying an additional 19,961 shares during the period. Bank of Montreal Can’s holdings in Diageo PLC were worth $14,691,000 as of its most recent filing with the SEC.

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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