Nestlé (OTCMKTS:NSRGY – Get Free Report) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued on Monday, Marketbeat reports.
Several other equities research analysts also recently commented on the stock. UBS Group downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. JPMorgan Chase & Co. downgraded shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
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Nestlé Stock Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in NSRGY. 1620 Investment Advisors Inc. acquired a new position in Nestlé during the second quarter worth $134,000. Front Row Advisors LLC boosted its holdings in Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the last quarter. Accent Capital Management LLC acquired a new position in Nestlé during the fourth quarter worth $241,000. GAMMA Investing LLC boosted its holdings in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after purchasing an additional 949 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Nestlé during the second quarter worth $262,000. Institutional investors and hedge funds own 0.61% of the company’s stock.
About Nestlé
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.
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