Nestlé (OTCMKTS:NSRGY) Upgraded to Equal Weight at Morgan Stanley

Nestlé (OTCMKTS:NSRGY) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Other equities research analysts also recently issued reports about the stock. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Nestlé Stock Down 0.0 %

NSRGY stock opened at $85.31 on Wednesday. The company has a fifty day moving average price of $94.92 and a two-hundred day moving average price of $100.96. Nestlé has a one year low of $85.01 and a one year high of $117.55.

Hedge Funds Weigh In On Nestlé

Several hedge funds and other institutional investors have recently made changes to their positions in NSRGY. Brooklyn Investment Group acquired a new position in Nestlé during the third quarter worth about $36,000. First Horizon Advisors Inc. lifted its stake in Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after purchasing an additional 922 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Nestlé during the second quarter worth $134,000. Front Row Advisors LLC increased its holdings in shares of Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after buying an additional 1,888 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after acquiring an additional 949 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.