NESTLE S A/S (NSRGY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of NESTLE S A/S (OTCMKTS:NSRGY) from a hold rating to a sell rating in a report published on Friday morning.

According to Zacks, “Nestle is the world’s #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. Among its more than 8,500 products are Alpo dog food, Baby Ruth and Butterfinger candy bars, Carnation evaporated and condensed milk, Coffee-Mate coffee creamer, Kix breakfast cereals, Nestle Quik chocolate drink mix, Stouffer’s frozen dinners, and Toll House morsels. “

NSRGY has been the subject of a number of other research reports. JPMorgan Chase & Co. restated a buy rating on shares of NESTLE S A/S in a research report on Tuesday, September 4th. Jefferies Financial Group upgraded NESTLE S A/S from a hold rating to a buy rating in a research report on Tuesday, October 2nd. BNP Paribas upgraded NESTLE S A/S from an underperform rating to a neutral rating in a research report on Tuesday, September 4th. Finally, ValuEngine upgraded NESTLE S A/S from a sell rating to a hold rating in a research report on Thursday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $93.00.

Shares of NSRGY stock opened at $81.44 on Friday. NESTLE S A/S has a fifty-two week low of $73.59 and a fifty-two week high of $87.85. The firm has a market capitalization of $258.93 billion, a PE ratio of 23.88, a PEG ratio of 2.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.80 and a quick ratio of 0.57.

A number of institutional investors have recently bought and sold shares of the stock. Benedict Financial Advisors Inc. increased its position in NESTLE S A/S by 4.5% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 14,575 shares of the company’s stock worth $1,129,000 after purchasing an additional 622 shares in the last quarter. Puzo Michael J increased its position in NESTLE S A/S by 0.6% during the 2nd quarter. Puzo Michael J now owns 104,018 shares of the company’s stock worth $8,055,000 after purchasing an additional 666 shares in the last quarter. Forbes J M & Co. LLP increased its position in NESTLE S A/S by 0.8% during the 2nd quarter. Forbes J M & Co. LLP now owns 85,204 shares of the company’s stock worth $6,597,000 after purchasing an additional 671 shares in the last quarter. Marietta Wealth Management LLC increased its position in NESTLE S A/S by 3.8% during the 2nd quarter. Marietta Wealth Management LLC now owns 20,393 shares of the company’s stock worth $1,579,000 after purchasing an additional 747 shares in the last quarter. Finally, Cheviot Value Management LLC increased its position in NESTLE S A/S by 18.3% during the 2nd quarter. Cheviot Value Management LLC now owns 4,918 shares of the company’s stock worth $381,000 after purchasing an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 1.35% of the company’s stock.

NESTLE S A/S Company Profile

Nestlé 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; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

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