Jefferies Financial Group upgraded shares of Nestlé (OTCMKTS:NSRGY – Free Report) from an underperform rating to a hold rating in a research note released on Wednesday, Marketbeat Ratings reports.
Several other analysts also recently issued reports on NSRGY. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a buy rating to a hold rating in a research note on Friday, July 26th. Berenberg Bank downgraded shares of Nestlé from a buy rating to a hold rating in a research note on Friday, July 26th. UBS Group downgraded shares of Nestlé from a buy rating to a neutral rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. downgraded shares of Nestlé from an overweight rating to a neutral rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold.
Check Out Our Latest Report on NSRGY
Nestlé Stock Performance
Hedge Funds Weigh In On Nestlé
Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in shares of Nestlé by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock valued at $6,516,000 after acquiring an additional 3,909 shares in the last quarter. Ramsay Stattman Vela & Price Inc. boosted its holdings in Nestlé by 2.0% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock worth $9,481,000 after purchasing an additional 1,855 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Nestlé in the second quarter worth $275,000. Spinnaker Trust boosted its holdings in Nestlé by 1.3% in the second quarter. Spinnaker Trust now owns 73,786 shares of the company’s stock worth $7,531,000 after purchasing an additional 960 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Nestlé in the second quarter worth $9,577,000. 0.61% of the stock is currently owned by hedge funds and other 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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