BNP Paribas Upgrades Nestlé (OTCMKTS:NSRGY) to Strong-Buy

Nestlé (OTCMKTS:NSRGY) was upgraded by BNP Paribas from a “strong sell” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Nestlé currently has a consensus rating of “Hold”.

Nestlé Stock Down 2.4 %

NSRGY stock opened at $80.65 on Wednesday. Nestlé has a one year low of $80.53 and a one year high of $115.91. The company has a 50 day moving average price of $85.22 and a two-hundred day moving average price of $95.99.

Institutional Investors Weigh In On Nestlé

Large investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Nestlé during the third quarter worth approximately $36,000. First Horizon Advisors Inc. increased its holdings in Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after buying an additional 922 shares during the period. Front Row Advisors LLC raised its position in Nestlé by 421.4% during 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. GAMMA Investing LLC grew its position in Nestlé by 28.1% in the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after acquiring an additional 698 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Nestlé in the 3rd quarter valued at approximately $365,000. Institutional investors own 0.61% of the company’s stock.

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.