Nestlé (OTCMKTS:NSRGY) Reaches New 12-Month Low – Should You Sell?

Nestlé S.A. (OTCMKTS:NSRGY)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $89.54 and last traded at $89.54, with a volume of 968072 shares. The stock had previously closed at $90.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays reissued an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Nestlé has an average rating of “Hold”.

Nestlé Trading Down 1.0 %

The business has a 50-day simple moving average of $98.33 and a 200-day simple moving average of $102.04.

Institutional Trading of Nestlé

Several hedge funds have recently added to or reduced their stakes in NSRGY. Mengis Capital Management Inc. grew its stake in shares of Nestlé by 304.3% in the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after acquiring an additional 16,671 shares during the last quarter. Councilmark Asset Management LLC bought a new position in shares of Nestlé during the 1st quarter worth about $640,000. ORG Partners LLC raised its position in shares of Nestlé by 225.7% during the third quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock valued at $876,000 after buying an additional 6,032 shares during the last quarter. Saybrook Capital NC lifted its stake in shares of Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after buying an additional 6,742 shares during the period. Finally, Wedgewood Investors Inc. PA acquired a new stake in Nestlé during the second quarter worth about $277,000. Institutional investors 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.