Nestle SA (NASDAQ:NSRGY) has earned a consensus broker rating score of 2.50 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Nestle SA’s rating score has declined by 13.6% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $101.40 for the company, according to Zacks. Zacks has also assigned Nestle SA an industry rank of 87 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Nestle SA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th.
Large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in Nestle SA by 13.4% during the second quarter. Parametric Portfolio Associates LLC now owns 1,697,119 shares of the company’s stock worth $147,989,000 after acquiring an additional 201,020 shares in the last quarter. Schafer Cullen Capital Management Inc. lifted its holdings in Nestle SA by 3.8% during the second quarter. Schafer Cullen Capital Management Inc. now owns 1,038,310 shares of the company’s stock worth $90,541,000 after acquiring an additional 37,689 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in Nestle SA by 3.4% during the second quarter. Douglas Lane & Associates LLC now owns 706,363 shares of the company’s stock worth $61,553,000 after acquiring an additional 23,174 shares in the last quarter. Beach Investment Management LLC. lifted its holdings in Nestle SA by 1,535.1% during the second quarter. Beach Investment Management LLC. now owns 295,549 shares of the company’s stock worth $25,772,000 after acquiring an additional 277,474 shares in the last quarter. Finally, Somerville Kurt F lifted its holdings in Nestle SA by 0.4% during the second quarter. Somerville Kurt F now owns 200,810 shares of the company’s stock worth $17,509,000 after acquiring an additional 810 shares in the last quarter.
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Nestle SA (NASDAQ:NSRGY) opened at $84.76 on Monday.
About Nestle SA
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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