Nestlé (OTCMKTS:NSRGY) Upgraded to “Equal Weight” at Morgan Stanley

Morgan Stanley upgraded shares of Nestlé (OTCMKTS:NSRGY) from an underweight rating to an equal weight rating in a report published on Wednesday morning, Marketbeat Ratings reports.

A number of other equities analysts have also commented on the company. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Barclays reiterated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nestlé Trading Up 1.2 %

OTCMKTS:NSRGY opened at $86.36 on Wednesday. Nestlé has a 1 year low of $85.01 and a 1 year high of $117.55. The firm’s fifty day simple moving average is $94.63 and its 200 day simple moving average is $100.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raelipskie Partnership raised its holdings in shares of Nestlé by 6.2% in the 1st quarter. Raelipskie Partnership now owns 16,677 shares of the company’s stock worth $1,771,000 after buying an additional 980 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after acquiring an additional 949 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of Nestlé by 9.9% in the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock valued at $87,887,000 after purchasing an additional 77,885 shares in the last quarter. Boit C F David bought a new stake in shares of Nestlé in the 2nd quarter worth about $592,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Nestlé during the 2nd quarter worth about $265,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.