UBS Group lowered shares of Nestlé (OTCMKTS:NSRGY – Free Report) from a buy rating to a neutral rating in a report issued on Friday morning, Marketbeat reports.
Separately, JPMorgan Chase & Co. lowered shares of Nestlé from an overweight rating to a neutral rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Nestlé presently has a consensus rating of Hold.
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Nestlé Price Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedgewood Investors Inc. PA bought a new stake in Nestlé in the second quarter worth $277,000. Kanawha Capital Management LLC lifted its stake in Nestlé by 4.0% in the second quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock worth $622,000 after purchasing an additional 231 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in Nestlé in the second quarter worth $134,000. Raelipskie Partnership lifted its stake in Nestlé by 4.0% in the second quarter. Raelipskie Partnership now owns 17,347 shares of the company’s stock worth $1,777,000 after purchasing an additional 670 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Nestlé by 5.3% in the second quarter. Diversified Trust Co now owns 6,630 shares of the company’s stock worth $677,000 after purchasing an additional 336 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.
About Nestlé
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.
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