Zacks Investment Research lowered shares of NESTLE S A/S (OTCMKTS:NSRGY) from a hold rating to a sell rating in a research report sent to investors on Friday.

According to Zacks, “Nestle is the world’s #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. Among its more than 8,500 products are Alpo dog food, Baby Ruth and Butterfinger candy bars, Carnation evaporated and condensed milk, Coffee-Mate coffee creamer, Kix breakfast cereals, Nestle Quik chocolate drink mix, Stouffer’s frozen dinners, and Toll House morsels. “

A number of other brokerages also recently issued reports on NSRGY. Royal Bank of Canada downgraded NESTLE S A/S from an outperform rating to a sector perform rating in a report on Tuesday, February 19th. Berenberg Bank upgraded NESTLE S A/S from a hold rating to a buy rating in a report on Thursday, January 24th. JPMorgan Chase & Co. set a $100.00 price target on NESTLE S A/S and gave the company a buy rating in a report on Monday, December 10th. UBS Group upgraded NESTLE S A/S from a neutral rating to a buy rating in a report on Thursday, January 3rd. Finally, Societe Generale initiated coverage on NESTLE S A/S in a report on Tuesday, January 29th. They set a buy rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $96.50.

OTCMKTS NSRGY opened at $94.57 on Friday. NESTLE S A/S has a 1-year low of $73.59 and a 1-year high of $96.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.80 and a quick ratio of 0.57. The stock has a market capitalization of $293.07 billion, a PE ratio of 28.06, a P/E/G ratio of 2.35 and a beta of 0.53.

A number of large investors have recently made changes to their positions in NSRGY. Confluence Investment Management LLC increased its holdings in NESTLE S A/S by 75.3% during the 4th quarter. Confluence Investment Management LLC now owns 1,317,150 shares of the company’s stock valued at $106,636,000 after purchasing an additional 565,600 shares during the period. Fisher Asset Management LLC grew its holdings in shares of NESTLE S A/S by 4.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,409,857 shares of the company’s stock worth $276,026,000 after acquiring an additional 144,155 shares during the period. Beach Investment Counsel Inc. PA grew its holdings in shares of NESTLE S A/S by 92.2% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 219,553 shares of the company’s stock worth $19,154,000 after acquiring an additional 105,350 shares during the period. Headinvest LLC grew its holdings in shares of NESTLE S A/S by 94.2% during the 4th quarter. Headinvest LLC now owns 107,947 shares of the company’s stock worth $8,739,000 after acquiring an additional 52,355 shares during the period. Finally, NorthCoast Asset Management LLC purchased a new position in shares of NESTLE S A/S during the 3rd quarter worth approximately $2,985,000.

About NESTLE S A/S

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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