NESTLE S A/S (NSRGY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of NESTLE S A/S (OTCMKTS:NSRGY) from a sell rating to a hold rating in a report released on Thursday morning.

According to Zacks, “Nestle is the world’s #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. Among its more than 8,500 products are Alpo dog food, Baby Ruth and Butterfinger candy bars, Carnation evaporated and condensed milk, Coffee-Mate coffee creamer, Kix breakfast cereals, Nestle Quik chocolate drink mix, Stouffer’s frozen dinners, and Toll House morsels. “

A number of other research firms also recently commented on NSRGY. Royal Bank of Canada downgraded NESTLE S A/S from an outperform rating to a sector perform rating in a report on Tuesday, February 19th. Societe Generale assumed coverage on NESTLE S A/S in a report on Tuesday, January 29th. They set a buy rating for the company. JPMorgan Chase & Co. set a $100.00 price objective on NESTLE S A/S and gave the stock a buy rating in a report on Monday, December 10th. Berenberg Bank upgraded NESTLE S A/S from a hold rating to a buy rating in a report on Thursday, January 24th. Finally, UBS Group upgraded NESTLE S A/S from a neutral rating to a buy rating in a report on Thursday, January 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $96.50.



NSRGY stock opened at $93.50 on Thursday. The firm has a market cap of $290.99 billion, a PE ratio of 27.74, a PEG ratio of 2.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.80 and a quick ratio of 0.57. NESTLE S A/S has a 52 week low of $73.59 and a 52 week high of $94.38.

Hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in NESTLE S A/S by 4.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,409,857 shares of the company’s stock valued at $276,026,000 after purchasing an additional 144,155 shares in the last quarter. Confluence Investment Management LLC increased its holdings in NESTLE S A/S by 75.3% in the 4th quarter. Confluence Investment Management LLC now owns 1,317,150 shares of the company’s stock valued at $106,636,000 after purchasing an additional 565,600 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in NESTLE S A/S by 0.9% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 783,547 shares of the company’s stock valued at $63,436,000 after purchasing an additional 6,873 shares in the last quarter. Lodestar Investment Counsel LLC IL increased its holdings in NESTLE S A/S by 1.3% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 316,715 shares of the company’s stock valued at $25,641,000 after purchasing an additional 4,015 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA increased its holdings in NESTLE S A/S by 92.2% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 219,553 shares of the company’s stock valued at $19,154,000 after purchasing an additional 105,350 shares in the last quarter. Institutional investors and hedge funds own 1.36% of the company’s stock.

NESTLE S A/S Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Analyst Recommendations for NESTLE S A/S (OTCMKTS:NSRGY)

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