NESTLE S A/S (OTCMKTS:NSRGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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. “

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of NESTLE S A/S in a research note on Tuesday, September 4th. Morgan Stanley reissued a “buy” rating on shares of NESTLE S A/S in a research note on Tuesday, October 16th. Jefferies Financial Group raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. BNP Paribas raised shares of NESTLE S A/S from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 4th. Finally, UBS Group raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.00.

NESTLE S A/S stock opened at $84.39 on Tuesday. NESTLE S A/S has a 1 year low of $73.59 and a 1 year high of $87.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.80 and a quick ratio of 0.57.

Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in NESTLE S A/S by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 3,265,702 shares of the company’s stock worth $273,546,000 after buying an additional 56,299 shares during the period. Bristol John W & Co. Inc. NY increased its holdings in NESTLE S A/S by 0.5% during the 2nd quarter. Bristol John W & Co. Inc. NY now owns 941,029 shares of the company’s stock valued at $72,879,000 after acquiring an additional 4,546 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in NESTLE S A/S by 0.5% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 809,639 shares of the company’s stock valued at $62,690,000 after acquiring an additional 4,119 shares in the last quarter. Confluence Investment Management LLC increased its holdings in NESTLE S A/S by 293.2% during the 3rd quarter. Confluence Investment Management LLC now owns 751,550 shares of the company’s stock valued at $62,952,000 after acquiring an additional 560,406 shares in the last quarter. Finally, Hikari Power Ltd increased its holdings in NESTLE S A/S by 15.9% during the 3rd quarter. Hikari Power Ltd now owns 221,490 shares of the company’s stock valued at $18,428,000 after acquiring an additional 30,380 shares in the last quarter. 1.35% of the stock is currently owned by institutional investors and hedge funds.

About NESTLE S A/S

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

Recommended Story: What is a balanced fund?

Get a free copy of the Zacks research report on NESTLE S A/S (NSRGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for NESTLE S A/S (OTCMKTS:NSRGY)

Receive News & Ratings for NESTLE S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NESTLE S A/S and related companies with MarketBeat.com's FREE daily email newsletter.