Nestlé (OTCMKTS:NSRGY) Raised to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Nestlé (OTCMKTS:NSRGY) from a sector perform rating to an outperform rating in a research report sent to investors on Friday morning, MarketBeat reports.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Nestlé presently has a consensus rating of “Hold”.

Nestlé Trading Up 0.4 %

OTCMKTS:NSRGY opened at $99.18 on Friday. The business’s fifty day moving average is $101.75 and its 200 day moving average is $103.00. Nestlé has a 52-week low of $96.36 and a 52-week high of $117.55.

Institutional Investors Weigh In On Nestlé

A number of large investors have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new stake in shares of Nestlé in the 2nd quarter worth approximately $134,000. Front Row Advisors LLC boosted its position in Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after buying an additional 1,888 shares during the period. GAMMA Investing LLC grew its stake in shares of Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after buying an additional 949 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Nestlé in the second quarter worth about $262,000. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in shares of Nestlé in the 2nd quarter valued at about $265,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.