NESTLE S A/S (NSRGY) Stock Rating Upgraded by 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 report issued on Saturday.
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. “
Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of NESTLE S A/S in a research report on Monday, July 16th. Finally, UBS Group reaffirmed a “neutral” rating on shares of NESTLE S A/S in a research report on Wednesday, May 30th.
Institutional investors have recently made changes to their positions in the business. White Lighthouse Investment Management Inc. acquired a new stake in NESTLE S A/S during the second quarter worth about $205,000. Colony Group LLC acquired a new stake in NESTLE S A/S during the second quarter worth about $207,000. Private Capital Group LLC grew its stake in NESTLE S A/S by 468.1% during the first quarter. Private Capital Group LLC now owns 3,193 shares of the company’s stock worth $252,000 after buying an additional 2,631 shares in the last quarter. Fulton Bank N.A. grew its stake in NESTLE S A/S by 41.1% during the first quarter. Fulton Bank N.A. now owns 3,300 shares of the company’s stock worth $260,000 after buying an additional 962 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA acquired a new stake in NESTLE S A/S during the second quarter worth about $264,000. Hedge funds and other institutional investors own 1.36% of the company’s stock.
About NESTLE S A/S
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; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NESTLE S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NESTLE S A/S and related companies with MarketBeat.com's FREE daily email newsletter.