Nestlé SA (OTCMKTS: NSRGY – Get a rating) saw strong growth in short-term interest in May. As of May 31, there were short interests totaling 112,400 shares, a growth of 159.0% from the May 15 total of 43,400 shares. Based on an average daily trading volume of 886,500 shares, the short-term interest rate ratio is currently 0.1 day.
Hedge funds have recently increased or reduced their stakes in the company. Yousif Capital Management LLC bought a new position in Nestlé in Q4 worth $6,200,000. Windward Capital Management Co. CA increased its stake in Nestlé shares by 18.7% in the 4th quarter. Windward Capital Management Co. CA now owns 37,700 shares of the company valued at $5,273,000 after purchasing an additional 5,943 shares during the period. Congress Asset Management Co. MA increased its stake in Nestlé shares by 1.4% in the fourth quarter. Congress Asset Management Co. MA now owns 81,973 shares of the company valued at $11,465,000 after purchasing an additional 1,132 shares during the period. Palladium Partners LLC acquired a new position in Nestlé shares in Q4 worth $1,594,000. Finally, Enterprise Financial Services Corp increased its stake in Nestlé by 3,950.0% during the 4th quarter. Enterprise Financial Services Corp now owns 1,539 shares of the company worth $215,000 after purchasing an additional 1,501 shares during the period. Institutional investors hold 0.98% of the company’s shares.
A number of equity research analysts have recently released reports on the company. Exane BNP Paribas has upgraded Nestlé from a “neutral” rating to an “outperforming” rating and raised its share price target from CHF 132 to CHF 135 in a research report on Monday 14 March. UBS Group raised its price target on Nestlé from €50.00 ($53.76) to €51.00 ($54.84) in a Tuesday, March 29 research note. Morgan Stanley lowered its price target on Nestlé from CHF 140 to CHF 135 in a Wednesday, February 23 research note. Sanford C. Bernstein downgraded Nestlé from an “outperforming” rating to a “market performing” rating in a Thursday, May 19 research note. Finally, the Royal Bank of Canada raised its price target on Nestle from CHF96 to CHF98 and gave the company an “industry performance” rating in a Friday, April 22 research note. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and six gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $110.80.
Nestle Stock opened at $111.05 on Friday. The company has a 50-day moving average price of $124.49 and a two-hundred-day moving average price of $128.62. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt ratio of 0.68. Nestlé has a 12-month low of $109.68 and a 12-month high of $141.95.
Nestle Company Profile (Get a rating)
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates across Europe, Middle East and North Africa; Americas area; and Zone Asia, Oceania and sub-Saharan Africa. It offers baby food under the Cerelac, Gerber, Nido and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestlé L’atelier, Nestlé Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion and Cailler brands.
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