Nestle SA (NSRGY) Rating Increased to Hold at Zacks Investment Research
Nestle SA (NASDAQ:NSRGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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 brokerages have also weighed in on NSRGY. Berenberg Bank lowered Nestle SA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Sanford C. Bernstein reiterated a “hold” rating on shares of Nestle SA in a report on Saturday, June 17th.
Nestle SA (NASDAQ NSRGY) traded up 0.49% during trading on Thursday, hitting $84.35. 346,312 shares of the company traded hands. The stock has a 50-day moving average price of $84.57 and a 200-day moving average price of $82.01. Nestle SA has a 12-month low of $66.08 and a 12-month high of $89.40. The firm has a market capitalization of $261.32 billion and a P/E ratio of 26.87.
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A number of institutional investors have recently made changes to their positions in the stock. Patten Group Inc. grew its holdings in Nestle SA by 0.7% during the first quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock worth $110,000 after buying an additional 10 shares in the last quarter. MAI Capital Management grew its holdings in Nestle SA by 0.3% during the first quarter. MAI Capital Management now owns 8,724 shares of the company’s stock worth $671,000 after buying an additional 24 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Nestle SA by 1.0% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,341 shares of the company’s stock worth $488,000 after buying an additional 60 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in Nestle SA by 3.2% during the second quarter. Leavell Investment Management Inc. now owns 3,260 shares of the company’s stock worth $284,000 after buying an additional 100 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Nestle SA by 1.1% during the second quarter. Quadrant Capital Group LLC now owns 10,241 shares of the company’s stock worth $847,000 after buying an additional 111 shares in the last quarter.
About Nestle SA
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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