NESTLE S A/S (OTCMKTS:NSRGY) – Research analysts at Jefferies Financial Group dropped their FY2018 EPS estimates for NESTLE S A/S in a report issued on Monday, January 28th. Jefferies Financial Group analyst M. Deboo now forecasts that the company will post earnings of $3.93 per share for the year, down from their previous estimate of $3.94.
Several other equities research analysts also recently issued reports on NSRGY. Zacks Investment Research downgraded NESTLE S A/S from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Berenberg Bank upgraded NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Societe Generale assumed coverage on NESTLE S A/S in a report on Tuesday. They issued a “buy” rating for the company. UBS Group upgraded NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Morgan Stanley restated a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $96.50.
Several large investors have recently bought and sold shares of NSRGY. Confluence Investment Management LLC grew its holdings in shares of NESTLE S A/S by 75.3% during the fourth quarter. Confluence Investment Management LLC now owns 1,317,150 shares of the company’s stock worth $106,636,000 after buying an additional 565,600 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of NESTLE S A/S by 4.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,409,857 shares of the company’s stock worth $276,026,000 after buying an additional 144,155 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in shares of NESTLE S A/S during the third quarter worth about $5,302,000. American Research & Management Co. bought a new position in shares of NESTLE S A/S during the third quarter worth about $4,830,000. Finally, Oxbow Advisors LLC grew its holdings in shares of NESTLE S A/S by 69.9% during the third quarter. Oxbow Advisors LLC now owns 89,477 shares of the company’s stock worth $7,444,000 after buying an additional 36,800 shares in the last quarter. Institutional investors and hedge funds own 1.37% of the company’s stock.
NESTLE S A/S Company Profile
Nestlé 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; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé 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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