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. “
NSRGY has been the topic of a number of other reports. Deutsche Bank cut shares of NESTLE S A/S from a buy rating to a hold rating in a report on Monday, September 9th. Royal Bank of Canada cut shares of NESTLE S A/S from a sector perform rating to an underperform rating in a report on Wednesday, September 25th. Finally, ValuEngine cut shares of NESTLE S A/S from a hold rating to a sell rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. NESTLE S A/S currently has an average rating of Hold and an average price target of $108.00.
NESTLE S A/S stock traded up $0.52 during mid-day trading on Thursday, reaching $105.28. 226,299 shares of the company’s stock traded hands, compared to its average volume of 503,446. The stock has a 50 day moving average of $106.12 and a two-hundred day moving average of $104.72. The company has a market cap of $320.57 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.50 and a beta of 0.42. NESTLE S A/S has a 12-month low of $78.62 and a 12-month high of $114.87.
Institutional investors have recently modified their holdings of the business. Marietta Wealth Management LLC grew its holdings in NESTLE S A/S by 3.0% during the 2nd quarter. Marietta Wealth Management LLC now owns 27,595 shares of the company’s stock worth $2,853,000 after acquiring an additional 812 shares in the last quarter. Bowen Hanes & Co. Inc. grew its holdings in NESTLE S A/S by 5.5% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 430,220 shares of the company’s stock worth $44,485,000 after acquiring an additional 22,485 shares in the last quarter. Advisor Partners LLC grew its holdings in NESTLE S A/S by 5.0% during the 3rd quarter. Advisor Partners LLC now owns 22,736 shares of the company’s stock worth $2,469,000 after acquiring an additional 1,086 shares in the last quarter. Hemenway Trust Co LLC grew its holdings in NESTLE S A/S by 0.7% during the 2nd quarter. Hemenway Trust Co LLC now owns 182,481 shares of the company’s stock worth $18,869,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in NESTLE S A/S by 1.7% during the 2nd quarter. Congress Asset Management Co. MA now owns 68,393 shares of the company’s stock worth $7,089,000 after acquiring an additional 1,128 shares in the last quarter. Institutional investors own 1.33% of the company’s stock.
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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