NESTLE S A/S (OTCMKTS:NSRGY) Lifted to “Hold” at Zacks Investment Research

NESTLE S A/S (OTCMKTS:NSRGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

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 analysts have also commented on NSRGY. Royal Bank of Canada lowered NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, September 25th. HSBC started coverage on NESTLE S A/S in a research note on Thursday, June 27th. They set a “hold” rating on the stock. ValuEngine lowered NESTLE S A/S from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank lowered NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $108.00.

NSRGY opened at $103.65 on Thursday. The firm has a market cap of $316.01 billion, a P/E ratio of 30.76, a PEG ratio of 2.47 and a beta of 0.42. NESTLE S A/S has a 52 week low of $78.62 and a 52 week high of $114.87. The business’s fifty day simple moving average is $108.03 and its 200 day simple moving average is $103.60.

A number of large investors have recently modified their holdings of the business. Ruggie Capital Group purchased a new position in shares of NESTLE S A/S in the 2nd quarter worth about $37,000. Lenox Wealth Management Inc. raised its holdings in shares of NESTLE S A/S by 40.0% in the 2nd quarter. Lenox Wealth Management Inc. now owns 882 shares of the company’s stock worth $91,000 after purchasing an additional 252 shares during the period. Abner Herrman & Brock LLC purchased a new position in shares of NESTLE S A/S in the 2nd quarter worth about $204,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of NESTLE S A/S in the 2nd quarter worth about $206,000. Finally, Chickasaw Capital Management LLC purchased a new position in shares of NESTLE S A/S in the 2nd quarter worth about $207,000. 1.32% of the stock is currently owned by hedge funds and other institutional investors.

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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