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Nestlé (OTCMKTS:NSRGY) Rating Increased to Equal Weight at Morgan Stanley

Nestlé logo with Consumer Staples background

Nestlé (OTCMKTS:NSRGY - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a note issued to investors on Wednesday, MarketBeat.com reports.

A number of other analysts have also recently commented on NSRGY. Citigroup cut Nestlé from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Barclays reiterated an "equal weight" rating on shares of Nestlé in a research note on Monday, September 9th. Jefferies Financial Group upgraded Nestlé from an "underperform" rating to a "hold" rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upgraded Nestlé from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold".

Get Our Latest Report on NSRGY

Nestlé Stock Performance

NSRGY traded up $1.07 on Wednesday, reaching $86.38. 677,205 shares of the stock were exchanged, compared to its average volume of 809,140. The company's 50-day moving average price is $94.92 and its 200 day moving average price is $100.96. Nestlé has a fifty-two week low of $85.01 and a fifty-two week high of $117.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its holdings in Nestlé by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company's stock valued at $9,792,000 after acquiring an additional 3,787 shares during the last quarter. Brooklyn Investment Group acquired a new position in Nestlé in the third quarter valued at approximately $36,000. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock valued at $104,417,000 after acquiring an additional 24,826 shares during the last quarter. Canopy Partners LLC lifted its holdings in Nestlé by 3.0% in the third quarter. Canopy Partners LLC now owns 4,973 shares of the company's stock valued at $501,000 after acquiring an additional 147 shares during the last quarter. Finally, Studio Investment Management LLC lifted its holdings in Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company's stock valued at $390,000 after acquiring an additional 200 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Nestlé (OTCMKTS:NSRGY)

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