Royal Bank of Canada upgraded shares of Nestlé (OTCMKTS:NSRGY – Free Report) from a sector perform rating to an outperform rating in a research note released on Friday, MarketBeat Ratings reports.
Other analysts also recently issued reports about the company. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.
Get Our Latest Analysis on Nestlé
Nestlé Stock Performance
Institutional Investors Weigh In On Nestlé
A number of institutional investors have recently added to or reduced their stakes in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Nestlé by 0.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock valued at $2,459,000 after acquiring an additional 113 shares during the last quarter. Violich Capital Management Inc. raised its position in Nestlé by 3.2% during the 1st quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock worth $541,000 after purchasing an additional 157 shares during the last quarter. Studio Investment Management LLC lifted its holdings in Nestlé by 5.1% during the 2nd quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after buying an additional 180 shares during the period. Kanawha Capital Management LLC grew its position in shares of Nestlé by 4.0% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock valued at $622,000 after buying an additional 231 shares during the last quarter. Finally, Hendley & Co. Inc. increased its stake in shares of Nestlé by 0.6% in the first quarter. Hendley & Co. Inc. now owns 44,612 shares of the company’s stock valued at $4,738,000 after buying an additional 250 shares during the period. 0.61% of the stock is owned by institutional investors.
About Nestlé
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.
Read More
- Five stocks we like better than Nestlé
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- What Is WallStreetBets and What Stocks Are They Targeting?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- What is a Bond Market Holiday? How to Invest and Trade
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for Nestlé Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestlé and related companies with MarketBeat.com's FREE daily email newsletter.