NESTLE S A/S (OTCMKTS:NSRGY)‘s stock had its “buy” rating restated by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday.
A number of other equities research analysts have also issued reports on NSRGY. Zacks Investment Research lowered NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. ValuEngine lowered NESTLE S A/S from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Finally, UBS Group reiterated a “neutral” rating on shares of NESTLE S A/S in a research note on Wednesday, May 30th.
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NSRGY stock opened at $81.43 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.89 and a debt-to-equity ratio of 0.25. NESTLE S A/S has a 1 year low of $73.59 and a 1 year high of $87.85. The stock has a market capitalization of $253.67 billion, a PE ratio of 23.88, a P/E/G ratio of 1.97 and a beta of 0.59.
Several hedge funds have recently bought and sold shares of NSRGY. Gofen & Glossberg LLC IL acquired a new stake in shares of NESTLE S A/S in the second quarter valued at about $30,423,000. Carillon Tower Advisers Inc. purchased a new position in NESTLE S A/S in the first quarter valued at about $13,161,000. Chesley Taft & Associates LLC purchased a new position in NESTLE S A/S in the second quarter valued at about $12,548,000. Fisher Asset Management LLC boosted its holdings in NESTLE S A/S by 5.4% in the first quarter. Fisher Asset Management LLC now owns 3,066,500 shares of the company’s stock valued at $242,156,000 after purchasing an additional 157,094 shares during the last quarter. Finally, Hikari Power Ltd boosted its holdings in NESTLE S A/S by 203.2% in the second quarter. Hikari Power Ltd now owns 191,110 shares of the company’s stock valued at $14,798,000 after purchasing an additional 128,080 shares during the last quarter. Institutional investors and hedge funds own 1.36% of the company’s stock.
About NESTLE S A/S
Nestl茅 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; Nestl茅 Waters; and Nestl茅 Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestl茅 Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.
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