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 have also recently commented on NSRGY. Deutsche Bank cut shares of NESTLE S A/S from a buy rating to a hold rating in a research note on Monday, September 9th. Royal Bank of Canada cut shares of NESTLE S A/S from a sector perform rating to an underperform rating in a research note on Wednesday, September 25th. Finally, ValuEngine cut shares of NESTLE S A/S from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $108.00.
Several hedge funds have recently made changes to their positions in the stock. Griffin Asset Management Inc. lifted its stake in NESTLE S A/S by 0.7% in the 3rd quarter. Griffin Asset Management Inc. now owns 25,278 shares of the company’s stock worth $2,740,000 after purchasing an additional 181 shares in the last quarter. Wellington Shields & Co. LLC purchased a new stake in NESTLE S A/S in the 3rd quarter worth approximately $260,000. Motco lifted its stake in NESTLE S A/S by 2.9% in the 3rd quarter. Motco now owns 41,822 shares of the company’s stock worth $4,542,000 after purchasing an additional 1,166 shares in the last quarter. Haverford Trust Co. lifted its stake in NESTLE S A/S by 1.1% in the 3rd quarter. Haverford Trust Co. now owns 18,264 shares of the company’s stock worth $1,980,000 after purchasing an additional 200 shares in the last quarter. Finally, First National Bank of Omaha lifted its stake in NESTLE S A/S by 0.3% in the 3rd quarter. First National Bank of Omaha now owns 109,469 shares of the company’s stock worth $11,887,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 1.33% of the company’s stock.
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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