Nestle Stock Gets Weaker EPS Forecast from Erste Group Bank

Nestle SA (OTCMKTS:NSRGY) – Analysts at Erste Group Bank reduced their FY2026 earnings estimates for shares of Nestle in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now expects that the company will earn $5.41 per share for the year, down from their previous estimate of $5.48. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Nestle’s current full-year earnings is $5.49 per share. Erste Group Bank also issued estimates for Nestle’s FY2027 earnings at $5.76 EPS.

A number of other equities analysts have also issued reports on NSRGY. Jefferies Financial Group raised Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research note on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nestle Stock Down 0.4%

NSRGY opened at $91.38 on Tuesday. The business’s 50 day moving average is $95.74 and its 200-day moving average is $98.72. Nestle has a twelve month low of $89.50 and a twelve month high of $109.59.

Hedge Funds Weigh In On Nestle

Several institutional investors have recently bought and sold shares of the business. Douglas Lane & Associates LLC lifted its holdings in shares of Nestle by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,011,074 shares of the company’s stock worth $91,785,000 after acquiring an additional 6,798 shares during the last quarter. Ramsay Stattman Vela & Price Inc. boosted its stake in Nestle by 0.5% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 60,336 shares of the company’s stock worth $6,196,000 after buying an additional 290 shares in the last quarter. Archer Investment Corp bought a new position in Nestle during the second quarter valued at approximately $522,000. North Star Asset Management Inc. bought a new position in Nestle during the second quarter valued at approximately $775,000. Finally, Councilmark Asset Management LLC purchased a new position in shares of Nestle during the second quarter worth approximately $464,000. Institutional investors own 0.61% of the company’s stock.

Nestle Company Profile

Nestlé SA is a Switzerland-based food and beverage company that develops, manufactures and markets products across categories including coffee, bottled water, dairy, confectionery, prepared foods, nutrition and pet care. Its portfolio includes internationally recognized brands such as Nescafé, Nespresso, KitKat, Purina, Nestlé Health Science and Maggi.

The company traces its origins to the 19th century, when Henri Nestlé developed an infant cereal, and to the Anglo-Swiss Condensed Milk Company.