Nestlé (OTCMKTS:NSRGY) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Nestlé (OTCMKTS:NSRGY) from a sector perform rating to an outperform rating in a report published on Friday morning, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the company. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Berenberg Bank cut shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Nestlé presently has an average rating of “Hold”.

Nestlé Stock Performance

Shares of NSRGY opened at $99.65 on Friday. Nestlé has a one year low of $96.36 and a one year high of $117.55. The stock has a 50-day moving average of $101.70 and a 200-day moving average of $102.97.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NSRGY. ORG Partners LLC increased its stake in Nestlé by 225.7% in the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock valued at $876,000 after buying an additional 6,032 shares during the last quarter. Douglas Lane & Associates LLC increased its position in shares of Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after acquiring an additional 55,367 shares during the last quarter. Avity Investment Management Inc. lifted its holdings in Nestlé by 93.5% during the third quarter. Avity Investment Management Inc. now owns 10,785 shares of the company’s stock worth $1,086,000 after acquiring an additional 5,210 shares during the period. Diversified Trust Co boosted its position in Nestlé by 10.9% in the third quarter. Diversified Trust Co now owns 7,355 shares of the company’s stock worth $741,000 after purchasing an additional 725 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Nestlé by 28.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after purchasing an additional 698 shares during the period. 0.61% of the stock is owned by institutional investors.

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.