Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have received a consensus rating of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating and seven have issued a hold rating on the company.

A number of equities research analysts have commented on NSRGY shares. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY opened at $100.94 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $102.94 and its 200-day moving average price is $103.78. Nestlé has a 1-year low of $96.36 and a 1-year high of $117.55.

Institutional Investors Weigh In On Nestlé

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

About Nestlé

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.