Nestle (OTCMKTS:NSRGY) Upgraded at Erste Group Bank

Nestle (OTCMKTS:NSRGY) was upgraded by equities research analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

NSRGY has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating on shares of Nestle in a research note on Sunday, June 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nestle presently has a consensus rating of “Hold”.

Nestle Stock Performance

Shares of Nestle stock opened at $104.09 on Tuesday. The stock’s 50-day moving average is $100.23 and its 200 day moving average is $99.53. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.47 and a current ratio of 0.79. Nestle has a one year low of $86.98 and a one year high of $109.59.

Institutional Investors Weigh In On Nestle

Several hedge funds and other institutional investors have recently made changes to their positions in NSRGY. Lummis Asset Management LP raised its holdings in shares of Nestle by 6.9% in the 4th quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock worth $177,000 after acquiring an additional 115 shares during the last quarter. Accent Capital Management LLC boosted its stake in Nestle by 5.1% during the 4th quarter. Accent Capital Management LLC now owns 2,465 shares of the company’s stock valued at $243,000 after purchasing an additional 120 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Nestle by 73.6% during the 1st quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock valued at $34,000 after purchasing an additional 148 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Nestle by 6.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,491 shares of the company’s stock worth $247,000 after purchasing an additional 156 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Nestle by 9.0% in the fourth quarter. IHT Wealth Management LLC now owns 2,836 shares of the company’s stock worth $280,000 after purchasing an additional 235 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.