Berenberg Bank Upgrades Nestle (OTCMKTS:NSRGY) to “Buy”

Nestle (OTCMKTS:NSRGY) was upgraded by research analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other research analysts have also issued reports on NSRGY. Jefferies Financial Group upgraded Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nestle has an average rating of “Hold” and an average target price of $91.00.

Nestle Stock Performance

OTCMKTS:NSRGY opened at $95.52 on Monday. Nestle has a one year low of $80.11 and a one year high of $109.31. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $94.46 and a 200 day moving average price of $97.94.

Institutional Trading of Nestle

A number of institutional investors have recently bought and sold shares of the business. Douglass Winthrop Advisors LLC increased its position in Nestle by 2.4% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company’s stock valued at $102,296,000 after acquiring an additional 23,692 shares during the period. Douglas Lane & Associates LLC increased its position in Nestle by 5.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company’s stock valued at $84,889,000 after acquiring an additional 44,185 shares during the period. Saybrook Capital NC increased its position in Nestle by 1.1% in the 3rd quarter. Saybrook Capital NC now owns 76,147 shares of the company’s stock valued at $6,988,000 after acquiring an additional 813 shares during the period. Ancora Advisors LLC increased its position in Nestle by 0.9% in the 1st quarter. Ancora Advisors LLC now owns 75,388 shares of the company’s stock valued at $7,627,000 after acquiring an additional 703 shares during the period. Finally, Rhumbline Advisers increased its position in Nestle by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 63,529 shares of the company’s stock valued at $6,310,000 after acquiring an additional 465 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestle Company Profile

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.