Shares of NESTLE S A/S (OTCMKTS:NSRGY) have been given an average recommendation of “Buy” by the twelve research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $108.00.
NSRGY has been the topic of several research reports. Bank of America initiated coverage on NESTLE S A/S in a report on Friday, April 5th. They issued a “buy” rating on the stock. Barclays assumed coverage on NESTLE S A/S in a report on Wednesday, April 10th. They issued an “overweight” rating on the stock. HSBC assumed coverage on NESTLE S A/S in a research note on Thursday, June 27th. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised NESTLE S A/S from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Friday, July 5th.
Several institutional investors and hedge funds have recently bought and sold shares of NSRGY. Weaver Consulting Group acquired a new stake in shares of NESTLE S A/S during the first quarter valued at $25,000. Vigilant Capital Management LLC lifted its position in NESTLE S A/S by 73.3% during the first quarter. Vigilant Capital Management LLC now owns 674 shares of the company’s stock worth $64,000 after buying an additional 285 shares during the period. Lenox Wealth Management Inc. lifted its position in NESTLE S A/S by 40.0% during the second quarter. Lenox Wealth Management Inc. now owns 882 shares of the company’s stock worth $91,000 after buying an additional 252 shares during the period. Abner Herrman & Brock LLC purchased a new position in NESTLE S A/S during the second quarter worth about $204,000. Finally, Chickasaw Capital Management LLC purchased a new position in NESTLE S A/S during the second quarter worth about $207,000. 1.35% of the stock is currently owned by institutional investors and hedge funds.
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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