Shares of Nestlé S.A. (OTCMKTS:NSRGY – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $153.00.
NSRGY has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Royal Bank of Canada raised Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th.
View Our Latest Stock Analysis on NSRGY
Nestlé Trading Up 0.2 %
Institutional Investors Weigh In On Nestlé
Hedge funds have recently added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. bought a new position in shares of Nestlé during the fourth quarter valued at $69,000. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 22.4% during the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 114 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Nestlé during the third quarter valued at $82,000. Vestor Capital LLC lifted its holdings in shares of Nestlé by 242.9% during the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after purchasing an additional 945 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new position in shares of Nestlé during the first quarter valued at $220,000. 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.
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