Nestle SA (NSRGY) Downgraded by Zacks Investment Research to Sell
Zacks Investment Research cut shares of Nestle SA (NASDAQ:NSRGY) from a hold rating to a sell rating in a report released on Wednesday 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. “
Several other equities analysts also recently commented on NSRGY. Sanford C. Bernstein restated a hold rating on shares of Nestle SA in a research note on Saturday, June 17th. Berenberg Bank downgraded shares of Nestle SA from a buy rating to a hold rating in a research note on Wednesday, June 7th.
Shares of Nestle SA (NSRGY) opened at 84.12 on Wednesday. The company has a market capitalization of $260.60 billion and a price-to-earnings ratio of 27.07. The stock has a 50 day moving average price of $85.42 and a 200-day moving average price of $80.91. Nestle SA has a 12 month low of $66.08 and a 12 month high of $89.40.
TRADEMARK VIOLATION NOTICE: “Nestle SA (NSRGY) Downgraded by Zacks Investment Research to Sell” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/31/nestle-sa-nsrgy-downgraded-by-zacks-investment-research-to-sell.html.
Several large investors have recently made changes to their positions in the stock. Confluence Investment Management LLC boosted its stake in shares of Nestle SA by 3.6% in the second quarter. Confluence Investment Management LLC now owns 165,851 shares of the company’s stock worth $14,462,000 after buying an additional 5,727 shares during the last quarter. South Texas Money Management Ltd. boosted its stake in shares of Nestle SA by 2.5% in the first quarter. South Texas Money Management Ltd. now owns 380,992 shares of the company’s stock worth $29,298,000 after buying an additional 9,346 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Nestle SA by 102.3% in the first quarter. BB&T Securities LLC now owns 8,900 shares of the company’s stock worth $684,000 after buying an additional 4,500 shares during the last quarter. Murphy Capital Management Inc. boosted its stake in shares of Nestle SA by 1.2% in the second quarter. Murphy Capital Management Inc. now owns 74,584 shares of the company’s stock worth $6,503,000 after buying an additional 880 shares during the last quarter. Finally, Gardiner Nancy B boosted its stake in shares of Nestle SA by 3.0% in the first quarter. Gardiner Nancy B now owns 21,958 shares of the company’s stock worth $1,689,000 after buying an additional 632 shares during the last quarter.
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 operates in the United States, Greater China Region, Switzerland and Rest of the World.
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.