UBS Group lowered shares of Nestlé (OTCMKTS:NSRGY – Free Report) from a buy rating to a neutral rating in a research report report published on Friday morning, MarketBeat.com reports.
Separately, JPMorgan Chase & Co. downgraded shares of Nestlé from an overweight rating to a neutral rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold.
Get Our Latest Stock Report on Nestlé
Nestlé Stock Performance
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in NSRGY. Pacer Advisors Inc. increased its position in Nestlé by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock valued at $2,861,000 after purchasing an additional 190 shares during the period. Sky Investment Group LLC increased its position in Nestlé by 1.4% during the 4th quarter. Sky Investment Group LLC now owns 82,999 shares of the company’s stock valued at $9,597,000 after purchasing an additional 1,114 shares during the period. Beddow Capital Management Inc. increased its position in Nestlé by 0.5% during the 4th quarter. Beddow Capital Management Inc. now owns 52,170 shares of the company’s stock valued at $6,032,000 after purchasing an additional 250 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of Nestlé by 1.6% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 22,875 shares of the company’s stock valued at $2,650,000 after buying an additional 365 shares in the last quarter. Finally, Cullen Investment Group LTD. bought a new stake in shares of Nestlé in the 4th quarter valued at about $1,074,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.
Nestlé Company Profile
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.
Further Reading
- Five stocks we like better than Nestlé
- Upcoming IPO Stock Lockup Period, Explained
- Is Crypto Cool Again? What Stocks You Should Be Watching
- How to Effectively Use the MarketBeat Ratings Screener
- Why Call Options Volume for These 2 Stocks Spiked Together
- Bank Stocks – Best Bank Stocks to Invest In
- MarketBeat Week in Review – 7/22 – 7/26
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.