Royal Bank of Canada upgraded shares of Nestlé (OTCMKTS:NSRGY) from an underperform rating to a sector perform rating in a research note released on Wednesday, The Fly reports.
A number of other research firms have also recently issued reports on NSRGY. Zacks Investment Research cut Nestlé from a buy rating to a hold rating in a research note on Thursday, January 7th. DZ Bank reiterated a buy rating on shares of Nestlé in a research report on Thursday, October 22nd. Credit Suisse Group restated a neutral rating on shares of Nestlé in a research report on Wednesday, December 9th. Societe Generale reaffirmed a buy rating on shares of Nestlé in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Nestlé in a report on Thursday, December 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $127.00.
NSRGY traded up $0.19 during trading on Wednesday, hitting $113.32. The company had a trading volume of 380,520 shares, compared to its average volume of 456,477. The company has a market cap of $326.37 billion, a PE ratio of 25.48, a P/E/G ratio of 5.09 and a beta of 0.35. Nestlé has a 1-year low of $88.00 and a 1-year high of $122.63. The business has a 50-day moving average of $114.10 and a 200-day moving average of $116.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.75 and a quick ratio of 0.47.
Several large investors have recently modified their holdings of NSRGY. Harding Loevner LP bought a new position in shares of Nestlé in the third quarter valued at approximately $954,286,000. Bradley Foster & Sargent Inc. CT acquired a new stake in Nestlé in the third quarter worth approximately $50,115,000. Fisher Asset Management LLC boosted its stake in Nestlé by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 4,039,140 shares of the company’s stock valued at $480,696,000 after purchasing an additional 124,416 shares in the last quarter. Douglass Winthrop Advisors LLC increased its position in shares of Nestlé by 4.1% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 876,975 shares of the company’s stock valued at $104,584,000 after purchasing an additional 34,746 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of Nestlé in the 3rd quarter worth $3,277,000. 1.02% of the stock is owned by institutional investors.
NestlÃ© 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; and NestlÃ© Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the NestlÃ© Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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