Nestlé (OTCMKTS:NSRGY – Get Free Report) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Monday, Briefing.com reports.
Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. downgraded Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Nestlé currently has a consensus rating of “Hold”.
Read Our Latest Report on Nestlé
Nestlé Stock Performance
Institutional Trading of Nestlé
Hedge funds have recently added to or reduced their stakes in the stock. Douglass Winthrop Advisors LLC increased its position in Nestlé by 0.5% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock worth $110,087,000 after purchasing an additional 4,923 shares during the period. 3Chopt Investment Partners LLC acquired a new position in Nestlé during the fourth quarter worth $483,000. Partners Capital Investment Group LLP lifted its holdings in Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after acquiring an additional 115 shares during the period. Pinnacle West Asset Management Inc. boosted its position in shares of Nestlé by 4.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after purchasing an additional 130 shares in the last quarter. Finally, Delaney Dennis R grew its stake in shares of Nestlé by 0.9% during the 4th quarter. Delaney Dennis R now owns 50,477 shares of the company’s stock worth $5,848,000 after purchasing an additional 429 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.
About Nestlé
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.
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