NESTLE S A/S (OTCMKTS:NSRGY) Earns “Overweight” Rating from Barclays

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NESTLE S A/S (OTCMKTS:NSRGY)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a research note issued on Friday, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of NESTLE S A/S in a research note on Tuesday, April 7th. UBS Group reiterated a “buy” rating on shares of NESTLE S A/S in a research note on Wednesday, April 29th. Societe Generale restated a “buy” rating on shares of NESTLE S A/S in a research note on Thursday, June 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of NESTLE S A/S in a research note on Tuesday, May 5th. Finally, Zacks Investment Research cut shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold”.

NSRGY opened at $117.85 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.44. The stock has a market cap of $339.41 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 5.02 and a beta of 0.35. NESTLE S A/S has a twelve month low of $88.00 and a twelve month high of $121.75. The company’s 50-day moving average price is $113.38 and its two-hundred day moving average price is $108.36.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in NESTLE S A/S in the 2nd quarter worth approximately $207,000. Hendley & Co. Inc. lifted its stake in NESTLE S A/S by 17.0% in the 1st quarter. Hendley & Co. Inc. now owns 42,274 shares of the company’s stock worth $4,354,000 after purchasing an additional 6,145 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its stake in NESTLE S A/S by 3.8% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 850,841 shares of the company’s stock worth $87,628,000 after purchasing an additional 31,322 shares in the last quarter. Anderson Hoagland & Co. lifted its stake in NESTLE S A/S by 15.9% in the 1st quarter. Anderson Hoagland & Co. now owns 27,685 shares of the company’s stock worth $2,719,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Headinvest LLC increased its holdings in shares of NESTLE S A/S by 5.2% in the 1st quarter. Headinvest LLC now owns 53,952 shares of the company’s stock worth $5,143,000 after buying an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 1.22% 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; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Analyst Recommendations for NESTLE S A/S (OTCMKTS:NSRGY)

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