Nestlé (OTCMKTS:NSRGY) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Nestlé (OTCMKTS:NSRGY) from a strong sell rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

NSRGY has been the topic of a number of other reports. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nestlé Stock Performance

Shares of Nestlé stock opened at $80.65 on Wednesday. Nestlé has a one year low of $80.53 and a one year high of $115.91. The firm has a fifty day moving average of $85.22 and a two-hundred day moving average of $95.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group purchased a new position in Nestlé in the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after acquiring an additional 922 shares during the period. Front Row Advisors LLC lifted its holdings in shares of Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after acquiring an additional 1,888 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after acquiring an additional 698 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Nestlé during the 3rd quarter worth about $365,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Company Profile

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.