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

Nestlé S.A. (OTCMKTS:NSRGY) has earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the company.

A number of equities research analysts recently issued reports on the company. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, 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.

Institutional Trading of Nestlé

Several institutional investors and hedge funds have recently made changes to their positions in the company. Beddow Capital Management Inc. increased its position in Nestlé by 4.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company’s stock valued at $6,151,000 after purchasing an additional 2,590 shares during the period. First Horizon Advisors Inc. increased its holdings in Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after buying an additional 922 shares during the period. Studio Investment Management LLC raised its stake in Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after buying an additional 200 shares in the last quarter. Canopy Partners LLC lifted its holdings in Nestlé by 3.0% during the third quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after buying an additional 147 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its position in 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 acquiring an additional 24,826 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Nestlé Stock Down 0.8 %

Nestlé stock opened at $100.70 on Wednesday. Nestlé has a 1-year low of $80.11 and a 1-year high of $110.46. The company’s 50-day moving average is $92.49 and its 200 day moving average is $91.63. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

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.