Deutsche Bank cut shares of NESTLE S A/S (OTCMKTS:NSRGY) from a buy rating to a hold rating in a report released on Monday morning, The Fly reports.
NSRGY has been the topic of several other reports. HSBC began coverage on NESTLE S A/S in a research report on Thursday, June 27th. They set a hold rating on the stock. Zacks Investment Research upgraded NESTLE S A/S from a hold rating to a buy rating and set a $116.00 price target on the stock in a research report on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $108.00.
OTCMKTS NSRGY opened at $109.75 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. NESTLE S A/S has a twelve month low of $78.62 and a twelve month high of $114.87. The firm has a market capitalization of $335.84 billion, a PE ratio of 32.57, a P/E/G ratio of 2.71 and a beta of 0.44. The stock’s 50 day moving average is $109.48 and its 200 day moving average is $100.78.
Several hedge funds have recently bought and sold shares of the company. Chartwell Investment Partners LLC raised its stake in shares of NESTLE S A/S by 4.0% in the second quarter. Chartwell Investment Partners LLC now owns 28,672 shares of the company’s stock worth $2,972,000 after purchasing an additional 1,090 shares during the last quarter. WealthStone Inc. purchased a new position in shares of NESTLE S A/S in the second quarter worth $804,000. MAI Capital Management raised its stake in shares of NESTLE S A/S by 82.2% in the second quarter. MAI Capital Management now owns 13,899 shares of the company’s stock worth $1,437,000 after purchasing an additional 6,269 shares during the last quarter. Equitable Trust Co. raised its stake in shares of NESTLE S A/S by 5.5% in the second quarter. Equitable Trust Co. now owns 103,103 shares of the company’s stock worth $10,687,000 after purchasing an additional 5,347 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of NESTLE S A/S by 0.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 133,753 shares of the company’s stock worth $13,830,000 after purchasing an additional 1,063 shares during the last quarter. Hedge funds and other institutional investors own 1.32% 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; 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.
Featured Story: Bull Market
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.