Nestlé (OTCMKTS:NSRGY) Upgraded by Morgan Stanley to Equal Weight Rating

Nestlé (OTCMKTS:NSRGY) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. One 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.com, the company presently has a consensus rating of “Hold”.

Nestlé Trading Up 1.2 %

OTCMKTS:NSRGY opened at $86.36 on Wednesday. The company’s fifty day moving average price is $94.34 and its 200-day moving average price is $100.76. Nestlé has a 1-year low of $85.01 and a 1-year high of $117.55.

Institutional Investors Weigh In On Nestlé

Institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of Nestlé in the third quarter worth about $36,000. First Horizon Advisors Inc. lifted its stake in Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after purchasing an additional 922 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Nestlé during the 2nd quarter worth approximately $134,000. Front Row Advisors LLC grew its position in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after purchasing an additional 1,888 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Nestlé by 61.9% in the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after purchasing an additional 949 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé 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.