Shares of Nestle SA (OTCMKTS:NSRGY) have been assigned a consensus rating of “Buy” from the nine research firms that are covering the company. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $89.00.

A number of analysts recently issued reports on NSRGY shares. Deutsche Bank AG raised Nestle SA from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. Royal Bank Of Canada raised Nestle SA from an “outperform” rating to a “top pick” rating in a research report on Thursday, September 8th. Zacks Investment Research raised Nestle SA from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Saturday, August 27th. Societe Generale raised Nestle SA from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Finally, Goldman Sachs Group Inc. raised Nestle SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 13th.

Several institutional investors have recently bought and sold shares of the company. Polen Capital Management LLC boosted its position in Nestle SA by 11.8% in the second quarter. Polen Capital Management LLC now owns 4,751,003 shares of the company’s stock valued at $366,492,000 after buying an additional 502,229 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Nestle SA by 482.5% in the second quarter. Ameriprise Financial Inc. now owns 428,224 shares of the company’s stock valued at $33,107,000 after buying an additional 354,711 shares in the last quarter. Williams Jones & Associates LLC boosted its position in Nestle SA by 1,110.9% in the second quarter. Williams Jones & Associates LLC now owns 245,085 shares of the company’s stock valued at $18,948,000 after buying an additional 224,845 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Nestle SA by 3.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,397,696 shares of the company’s stock valued at $108,056,000 after buying an additional 40,535 shares in the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. acquired a new position in Nestle SA during the second quarter valued at $2,365,000. 1.58% of the stock is owned by institutional investors and hedge funds.

Nestle SA (OTCMKTS:NSRGY) traded down 0.18% during midday trading on Thursday, reaching $75.55. 155,199 shares of the company were exchanged. The company has a market capitalization of $233.07 billion, a price-to-earnings ratio of 26.56 and a beta of 0.65. Nestle SA has a 52-week low of $68.00 and a 52-week high of $83.25. The company has a 50 day moving average of $79.14 and a 200-day moving average of $76.95.

About Nestle SA

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.

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