Nestle SA (OTCMKTS:NSRGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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 topic of a number of other research reports. Deutsche Bank AG upgraded Nestle SA from a “hold” rating to a “buy” rating in a report on Friday, September 9th. Royal Bank Of Canada upgraded Nestle SA from an “outperform” rating to a “top pick” rating in a report on Thursday, September 8th. Credit Suisse Group AG restated an “underperform” rating on shares of Nestle SA in a report on Friday, November 4th. Societe Generale upgraded Nestle SA from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Finally, Goldman Sachs Group Inc. upgraded Nestle SA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Nestle SA currently has an average rating of “Buy” and a consensus target price of $89.00.

Analyst Recommendations for Nestle SA (OTCMKTS:NSRGY)

Shares of Nestle SA (OTCMKTS:NSRGY) opened at 68.75 on Wednesday. Nestle SA has a 12-month low of $67.73 and a 12-month high of $83.25. The company’s 50-day moving average price is $74.58 and its 200 day moving average price is $76.68.

Institutional investors have recently bought and sold shares of the company. FTB Advisors Inc. boosted its stake in Nestle SA by 3.5% in the second quarter. FTB Advisors Inc. now owns 1,572 shares of the company’s stock worth $120,000 after buying an additional 53 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in Nestle SA during the second quarter worth $150,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Nestle SA during the third quarter worth $203,000. Advisor Partners LLC acquired a new stake in Nestle SA during the second quarter worth $219,000. Finally, HighPoint Advisor Group LLC boosted its stake in Nestle SA by 46.0% in the second quarter. HighPoint Advisor Group LLC now owns 3,443 shares of the company’s stock worth $273,000 after buying an additional 1,085 shares during the period. Institutional investors and hedge funds own 1.57% of the company’s stock.

Nestle SA Company Profile

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.

Receive News & Stock Ratings for Nestle SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestle SA and related stocks with our FREE daily email newsletter.