Nestlé (OTCMKTS:NSRGY) Downgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered the rating of the company’s shares Nestlé (OTCMKTS:NSRGY – Free Report) from an overweight rating to a neutral rating in a research report released Thursday morning, Marketbeat Ratings says.

Separately, on Tuesday, February 27, Royal Bank of Canada upgraded Nestlé shares from an Underperform Rating to a Sector Rating. Two equity market analysts rated the company’s shares with a sell recommendation, three with a hold recommendation, and one with a buy recommendation. Based on data from MarketBeat.com, the company’s consensus rating is Hold and the consensus price target is $153.00.

See our latest research report on Nestlé

Nestlé shares fell 2.4%

NSRGY stock opened Thursday at $101.49. The company’s 50-day moving average is $103.68 and its 200-day moving average is $108.97. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé has a fifty-two week low of $99.04 and a fifty-two week high of $125.41.

Institutional inflows and outflows

Many large investors have recently increased or decreased their stake in the company. Wetzel Investment Advisors Inc. acquired a new position in Nestlé during the fourth quarter worth approximately $69,000. In the fourth quarter, First Horizon Advisors Inc. increased its shares in Nestlé by 22.4%. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 114 shares during the period. Operose Advisors LLC acquired a new block of Nestlé shares worth approximately PLN 82,000 in the third quarter. dollars. Vestor Capital LLC increased its holdings in shares of Nestlé by 242.9% during the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after purchasing an additional 945 shares during the period. Finally, Wesbanco Bank Inc. purchased a new position in Nestlé stock worth approximately $220,000 in the first quarter. Institutional investors hold 0.61% of the company’s shares.

About Nestle

(Get the free report)

Nestlé SA, together with its subsidiaries, operates as a food industry company. The company operates through Zone North America; Europe Zone; Asia, Oceania and Africa zone; Latin America Zone; Greater China Zone; Nespresso; and Nestlé Health Science. It offers baby food under the brands Cerelac, Gerber, Nido and NaturNes; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli and S.Pellegrino brands; cereal brands Fitness, Nesquik, Cheerios and Lion Cereals; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l’Atelier, Milkybar, Baci Perugina, Quality Street and Fitness brands.

Nestlé shares fell 2.4%

Institutional inflows and outflows

About Nestle

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