Nestlé (OTCMKTS:NSRGY) Rating Increased to Strong-Buy at BNP Paribas

BNP Paribas upgraded shares of Nestlé (OTCMKTS:NSRGY) from a strong sell rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nestlé Stock Performance

NSRGY stock opened at $80.65 on Wednesday. Nestlé has a 1-year low of $80.53 and a 1-year high of $115.91. The business has a fifty day moving average price of $85.22 and a 200-day moving average price of $95.99.

Institutional Trading of Nestlé

A number of institutional investors have recently modified their holdings of the company. Mengis Capital Management Inc. grew its position in Nestlé by 304.3% during the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares in the last quarter. ORG Partners LLC grew its holdings in Nestlé by 225.7% in the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock valued at $876,000 after buying an additional 6,032 shares in the last quarter. Saybrook Capital NC raised its stake in Nestlé by 11.9% during the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after purchasing an additional 6,742 shares during the period. Finally, Douglas Lane & Associates LLC grew its position in Nestlé by 6.4% in the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after acquiring an additional 55,367 shares during the period. 0.61% of the stock is currently owned by institutional investors.

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.