Nestle SA (NSRGY) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Nestle SA (NASDAQ:NSRGY) from a sell rating to a hold rating in a research report sent to investors on Friday.
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 subject of a number of other reports. Berenberg Bank downgraded Nestle SA from a buy rating to a hold rating in a research report on Wednesday, June 7th. Sanford C. Bernstein reissued a hold rating on shares of Nestle SA in a research report on Saturday, June 17th.
Nestle SA (NASDAQ:NSRGY) opened at 83.75 on Friday. Nestle SA has a 52 week low of $66.08 and a 52 week high of $89.40. The stock’s 50 day moving average price is $84.58 and its 200 day moving average price is $82.28. The company has a market capitalization of $259.46 billion and a P/E ratio of 26.54.
Large investors have recently added to or reduced their stakes in the business. Patten Group Inc. increased its position in Nestle SA by 0.7% in the first quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock worth $110,000 after buying an additional 10 shares during the last quarter. Ranger International Management LP purchased a new stake in Nestle SA in the second quarter worth $180,000. Moloney Securities Asset Management LLC purchased a new stake in Nestle SA in the second quarter worth $200,000. Farr Miller & Washington LLC DC purchased a new stake in Nestle SA in the second quarter worth $211,000. Finally, Roberts Glore & Co. Inc. IL purchased a new stake in Nestle SA in the second quarter worth $212,000.
About Nestle SA
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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