A number of other analysts also recently issued reports on NSRGY. JPMorgan Chase & Co. reissued an “overweight” rating on shares of NESTLE S A/S in a report on Tuesday, May 5th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of NESTLE S A/S in a report on Tuesday, April 28th. Zacks Investment Research downgraded shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a report on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of NESTLE S A/S in a report on Tuesday, April 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of NESTLE S A/S in a report on Wednesday, April 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. NESTLE S A/S presently has an average rating of “Hold”.
OTCMKTS NSRGY opened at $117.85 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $339.41 billion, a P/E ratio of 26.54, a P/E/G ratio of 5.02 and a beta of 0.35. NESTLE S A/S has a 12-month low of $88.00 and a 12-month high of $121.75. The firm has a 50-day moving average price of $113.38 and a two-hundred day moving average price of $108.36.
A number of hedge funds have recently added to or reduced their stakes in NSRGY. Bartlett & Co. LLC acquired a new position in NESTLE S A/S during the 1st quarter worth approximately $35,495,000. Fisher Asset Management LLC increased its position in NESTLE S A/S by 1.4% during the 1st quarter. Fisher Asset Management LLC now owns 3,775,056 shares of the company’s stock worth $388,021,000 after purchasing an additional 53,788 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new position in NESTLE S A/S in the 1st quarter valued at approximately $3,815,000. Osborn Williams & Donohoe LLC acquired a new position in NESTLE S A/S in the 1st quarter valued at approximately $3,733,000. Finally, Douglass Winthrop Advisors LLC increased its position in NESTLE S A/S by 3.8% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 850,841 shares of the company’s stock valued at $87,628,000 after acquiring an additional 31,322 shares during the period. Institutional investors and hedge funds own 1.22% 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; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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