NESTLE S A/S (OTCMKTS:NSRGY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of NESTLE S A/S (OTCMKTS:NSRGY) from a sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

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 recently issued reports about the company. Royal Bank of Canada cut NESTLE S A/S from a sector perform rating to an underperform rating in a research note on Wednesday, September 25th. Deutsche Bank downgraded shares of NESTLE S A/S from a buy rating to a hold rating in a research report on Monday, September 9th. Finally, ValuEngine lowered shares of NESTLE S A/S from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $108.00.

NSRGY stock opened at $104.79 on Wednesday. NESTLE S A/S has a 52-week low of $78.62 and a 52-week high of $114.87. The stock’s 50 day moving average is $104.78 and its two-hundred day moving average is $105.51. The company has a market capitalization of $317.74 billion, a PE ratio of 31.09, a P/E/G ratio of 2.49 and a beta of 0.40.

Several hedge funds have recently modified their holdings of the company. Bartlett & Co. LLC grew its position in shares of NESTLE S A/S by 507.2% in the 3rd quarter. Bartlett & Co. LLC now owns 365,309 shares of the company’s stock worth $39,599,000 after acquiring an additional 305,145 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in NESTLE S A/S by 7.3% during the second quarter. Parametric Portfolio Associates LLC now owns 2,750,826 shares of the company’s stock worth $284,435,000 after purchasing an additional 187,831 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in NESTLE S A/S by 3.8% in the second quarter. Fisher Asset Management LLC now owns 3,537,918 shares of the company’s stock worth $366,710,000 after purchasing an additional 128,049 shares during the period. Mogy Joel R Investment Counsel Inc. acquired a new position in NESTLE S A/S in the third quarter worth $12,259,000. Finally, Schafer Cullen Capital Management Inc boosted its holdings in NESTLE S A/S by 10.6% in the second quarter. Schafer Cullen Capital Management Inc now owns 740,001 shares of the company’s stock worth $76,094,000 after purchasing an additional 70,691 shares during the period. 1.30% of the stock is currently owned by institutional investors and hedge funds.

NESTLE S A/S Company Profile

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; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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