S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
Log in

Zacks Investment Research Downgrades Nestlé (OTCMKTS:NSRGY) to Hold

Last updated on Saturday, January 16, 2021 | 2021 MarketBeat

Nestlé (OTCMKTS:NSRGY) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research note issued on Saturday, Zacks.com reports.

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 equities analysts have also recently commented on the company. Credit Suisse Group reaffirmed a "neutral" rating on shares of Nestlé in a research note on Wednesday, December 9th. Sanford C. Bernstein began coverage on Nestlé in a research note on Monday, October 12th. They issued an "outperform" rating on the stock. DZ Bank reaffirmed a "buy" rating on shares of Nestlé in a research note on Thursday, October 22nd. Exane BNP Paribas downgraded Nestlé from a "neutral" rating to an "underperform" rating in a report on Wednesday. Finally, Royal Bank of Canada raised Nestlé from an "underperform" rating to a "sector perform" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. The company currently has an average rating of "Buy" and an average target price of $127.00.

Shares of NSRGY opened at $113.22 on Friday. The stock has a 50-day moving average price of $114.14 and a 200-day moving average price of $116.64. The company has a market cap of $326.08 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 5.24 and a beta of 0.36. Nestlé has a 12-month low of $88.00 and a 12-month high of $122.63. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 0.58.

A number of institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA lifted its stake in shares of Nestlé by 1.5% in the 3rd quarter. Private Trust Co. NA now owns 8,990 shares of the company's stock valued at $1,069,000 after purchasing an additional 131 shares during the last quarter. Sky Investment Group LLC lifted its stake in shares of Nestlé by 29.7% in the 3rd quarter. Sky Investment Group LLC now owns 78,283 shares of the company's stock valued at $9,336,000 after purchasing an additional 17,903 shares during the last quarter. Windward Capital Management Co. CA lifted its stake in shares of Nestlé by 0.7% in the 3rd quarter. Windward Capital Management Co. CA now owns 31,647 shares of the company's stock valued at $3,766,000 after purchasing an additional 215 shares during the last quarter. Vigilant Capital Management LLC lifted its stake in shares of Nestlé by 194.1% in the 3rd quarter. Vigilant Capital Management LLC now owns 850 shares of the company's stock valued at $101,000 after purchasing an additional 561 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Nestlé by 10.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,070 shares of the company's stock valued at $246,000 after purchasing an additional 200 shares during the last quarter. 1.47% of the stock is owned by institutional investors.

About Nestlé

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.

Further Reading: How To Calculate Debt-to-Equity Ratio

Get a free copy of the Zacks research report on Nestlé (NSRGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Nestlé (OTCMKTS:NSRGY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Food Stocks That Are Leading Through Innovation

It might be easy to dismiss food stocks with so many restaurants still struggling to recover from the global pandemic. But food stocks are a broad category that includes not only the way food is consumed but the way it’s made. In 2020, sustainability and a focus on climate change continue to be important trends in this sector.

Another trend to look at is the ability of companies to deliver food to consumers. It’s not surprising that some of the biggest winners in the pandemic are the restaurants that already had a strong digital presence. Consumers' ability to have a contactless experience from start to finish has been a catalyst for some stocks.

Not surprisingly, those are also the trends that create an opportunity for investors looking to dabble in food stocks. As you look to resetting your portfolio for 2021, it may be time to take a bite out of some of these stocks.

With that in mind, we’ve put together this special presentation that identifies seven food stocks that you should consider adding to your portfolio. In addition to gaining exposure to this sector, some of these stocks present the opportunity for industry-beating gains.

View the "7 Food Stocks That Are Leading Through Innovation".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.