Shares of Nestlé S.A. (OTCMKTS:NSRGY – Get Free Report) have been given a consensus recommendation of “Reduce” by the ten analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company.
Several research firms recently commented on NSRGY. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th.
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Nestlé Stock Performance
Institutional Investors Weigh In On Nestlé
Several hedge funds and other institutional investors have recently made changes to their positions in the business. 1620 Investment Advisors Inc. purchased a new position in shares of Nestlé during the second quarter worth about $134,000. Front Row Advisors LLC grew its stake in Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after buying an additional 1,888 shares during the last quarter. GAMMA Investing LLC increased its position 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 buying an additional 949 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Nestlé in the second quarter valued at approximately $262,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Nestlé in the second quarter valued at approximately $265,000. Institutional investors and hedge funds own 0.61% of the company’s stock.
Nestlé Company Profile
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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