Nestle SA (SIX:NESN) was upgraded by stock analysts at Goldman Sachs Group Inc from a "neutral" rating to a "buy" rating in a report issued on Tuesday, The Fly reports.
Several other equities analysts also recently weighed in on the stock. RBC Capital Markets restated a "top pick" rating on shares of Nestle SA in a report on Thursday, September 8th. Societe Generale restated a "hold" rating on shares of Nestle SA in a report on Tuesday, June 28th. Morgan Stanley restated an "overweight" rating on shares of Nestle SA in a report on Tuesday, July 5th. Zacks Investment Research upgraded shares of Nestle SA from a "sell" rating to a "hold" rating in a report on Wednesday, July 13th. Finally, Royal Bank Of Canada upgraded shares of Nestle SA from an "outperform" rating to a "top pick" rating in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus target price of $89.00.
Shares of Nestle SA (OTCMKTS:NSRGY) traded down 1.66% during mid-day trading on Tuesday, hitting $79.00. 350,832 shares of the stock traded hands. The firm has a market cap of $243.72 billion, a price-to-earnings ratio of 27.75 and a beta of 0.73. Nestle SA has a 12-month low of $68.00 and a 12-month high of $83.25. The firm's 50 day moving average price is $80.23 and its 200 day moving average price is $76.08.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Douglas Lane & Associates LLC purchased a new stake in Nestle SA during the first quarter worth about $41,931,000. Polen Capital Management LLC raised its stake in Nestle SA by 11.8% in the second quarter. Polen Capital Management LLC now owns 4,751,003 shares of the company's stock worth $366,492,000 after buying an additional 502,229 shares in the last quarter. Ameriprise Financial Inc raised its stake in Nestle SA by 482.5% in the second quarter. Ameriprise Financial Inc (NYSE:AMP). now owns 428,224 shares of the company's stock worth $33,107,000 after buying an additional 354,711 shares in the last quarter. Williams Jones & Associates LLC raised its stake in Nestle SA by 1,110.9% in the second quarter. Williams Jones & Associates LLC now owns 245,085 shares of the company's stock worth $18,948,000 after buying an additional 224,845 shares in the last quarter. Finally, Thomas White International Ltd. raised its stake in Nestle SA by 1,566.9% in the first quarter. Thomas White International Ltd. now owns 78,213 shares of the company's stock worth $5,868,000 after buying an additional 73,521 shares in the last quarter. 1.57% of the stock is currently owned by hedge funds and other institutional investors.
Nestle SA Company Profile
Nestle SA is a nutrition, health and wellness company. The Company's segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company's product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.