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. “
Other analysts have also issued reports about the company. Royal Bank of Canada lowered NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, September 25th. Deutsche Bank downgraded shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, ValuEngine lowered shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. NESTLE S A/S has an average rating of “Hold” and an average price target of $108.00.
A number of hedge funds have recently bought and sold shares of the business. Bartlett & Co. LLC raised its holdings in shares of NESTLE S A/S by 507.2% in the 3rd quarter. Bartlett & Co. LLC now owns 365,309 shares of the company’s stock worth $39,599,000 after purchasing an additional 305,145 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of NESTLE S A/S by 7.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,750,826 shares of the company’s stock valued at $284,435,000 after purchasing an additional 187,831 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of NESTLE S A/S by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 3,537,918 shares of the company’s stock worth $366,710,000 after purchasing an additional 128,049 shares during the period. Mogy Joel R Investment Counsel Inc. purchased a new stake in shares of NESTLE S A/S during the 3rd quarter worth about $12,259,000. Finally, Schafer Cullen Capital Management Inc increased its position in NESTLE S A/S by 10.6% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 740,001 shares of the company’s stock worth $76,094,000 after purchasing an additional 70,691 shares in the last quarter. 1.30% of the stock is owned by hedge funds and other institutional investors.
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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