Barclays Reaffirms Equal Weight Rating for Nestlé (OTCMKTS:NSRGY)

Barclays reissued their equal weight rating on shares of Nestlé (OTCMKTS:NSRGY) in a report released on Monday, MarketBeat reports.

Several other brokerages have also recently commented on NSRGY. JPMorgan Chase & Co. cut Nestlé from an overweight rating to a neutral rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a buy rating to a hold rating in a research report on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an underperform rating to a hold rating in a report on Wednesday, July 31st. Berenberg Bank downgraded Nestlé from a buy rating to a hold rating in a report on Friday, July 26th. Finally, UBS Group downgraded Nestlé from a buy rating to a neutral rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold.

Nestlé Price Performance

Shares of NSRGY opened at $103.43 on Monday. The stock’s 50-day moving average price is $103.78 and its two-hundred day moving average price is $104.24. 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 12 month low of $99.02 and a 12 month high of $119.52.

Institutional Investors Weigh In On Nestlé

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 3Chopt Investment Partners LLC bought a new stake in Nestlé in the 2nd quarter valued at about $372,000. Front Row Advisors LLC grew its stake in Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after acquiring an additional 1,888 shares during the period. Cheviot Value Management LLC increased its holdings in shares of Nestlé by 7.1% during the second quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock valued at $488,000 after acquiring an additional 315 shares in the last quarter. Beddow Capital Management Inc. raised its position in shares of Nestlé by 6.4% during the second quarter. Beddow Capital Management Inc. now owns 58,510 shares of the company’s stock worth $5,994,000 after purchasing an additional 3,495 shares during the period. Finally, Altrius Capital Management Inc lifted its holdings in shares of Nestlé by 11.9% in the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after purchasing an additional 7,200 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

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.