Nestlé S.A. (OTCMKTS:NSRGY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a strong buy rating to the company.

Several analysts recently issued reports on the company. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada cut shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th.

Hedge Funds Weigh In On Nestlé

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Douglass Winthrop Advisors LLC raised its position in shares of Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares in the last quarter. Hantz Financial Services Inc. raised its position in Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after purchasing an additional 10,523 shares during the period. Altrius Capital Management Inc lifted its stake in shares of Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock valued at $6,429,000 after purchasing an additional 9,381 shares during the last quarter. Saybrook Capital NC boosted its holdings in shares of Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock worth $6,188,000 after purchasing an additional 12,340 shares during the period. Finally, Ancora Advisors LLC increased its position in shares of Nestlé by 0.3% during the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock valued at $6,102,000 after purchasing an additional 239 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Trading Down 0.8 %

Shares of NSRGY stock opened at $100.70 on Wednesday. The stock has a fifty day simple moving average of $92.49 and a two-hundred day simple moving average of $91.63. Nestlé has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

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.