Berenberg Bank Downgrades Nestlé (OTCMKTS:NSRGY) to Hold

Berenberg Bank lowered shares of Nestlé (OTCMKTS:NSRGY) from a buy rating to a hold rating in a report released on Friday morning, MarketBeat.com reports.

A number of other research firms also recently issued reports on NSRGY. Deutsche Bank Aktiengesellschaft downgraded Nestlé from a buy rating to a hold rating in a research report on Friday. UBS Group downgraded Nestlé from a buy rating to a neutral rating in a research report on Friday. Finally, JPMorgan Chase & Co. downgraded Nestlé from an overweight rating to a neutral rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nestlé presently has an average rating of Hold.

Nestlé Trading Down 0.4 %

Shares of OTCMKTS:NSRGY opened at $99.21 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. Nestlé has a 52 week low of $99.02 and a 52 week high of $123.68. The business has a fifty day simple moving average of $104.48 and a 200-day simple moving average of $106.05.

Institutional Investors Weigh In On Nestlé

Large investors have recently modified their holdings of the stock. Cullen Investment Group LTD. acquired a new stake in shares of Nestlé in the fourth quarter valued at about $1,074,000. Douglas Lane & Associates LLC grew its stake in shares of Nestlé by 3.7% in the first quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock valued at $83,255,000 after buying an additional 27,888 shares in the last quarter. Councilmark Asset Management LLC acquired a new stake in shares of Nestlé in the first quarter valued at about $640,000. Confluence Investment Management LLC acquired a new stake in shares of Nestlé in the first quarter valued at about $111,100,000. Finally, Pacer Advisors Inc. grew its stake in shares of Nestlé by 0.8% in the fourth quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock valued at $2,861,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Company Profile

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.