How do you buy Nestle stock?


Quick Answer

To purchase a stock such as Nestle in the United States, open a brokerage account with a firm such as TD Ameritrade, Scottrade or Fidelity, deposit funds in the account and place your order, explains The Motley Fool. Nestle trades in the over-the-counter market under the ticker symbol NSRGY, indicates Google Finance.

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Full Answer

Nestle trades as an American Depositary Receipt in the United States, shows Google Finance. ADRs allow U.S. investors to purchase foreign stocks that are not listed on U.S. exchanges, reports Investopedia. These instruments simplify investing by pricing foreign shares in U.S. dollars and avoiding cross-border tax issues. To create an ADR, U.S. banks buy shares of the foreign stock and reissue them in the United States where ADRs trade like other stocks. For Nestle, one ADR represents one share of stock, according to the company.

Nestle is a Swiss company and its shares are traded on the SIX Swiss Exchange under the ticker symbol NESN, notes Nestle. It pays dividends annually, and its shareholders may vote by proxy in board elections. To invest directly in the Swiss market, find a U.S. broker that allows international trading, or open an account with a Swiss firm, suggests About Money. The Swiss exchange lists stocks in Swiss francs rather than U.S. dollars, and investors may be subject to Swiss taxes on dividends and capital gains.

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