UBS Group Downgrades Nestlé (OTCMKTS:NSRGY) to Neutral

UBS Group lowered shares of Nestlé (OTCMKTS:NSRGY) from a buy rating to a neutral rating in a report published on Friday morning, Marketbeat.com reports.

Separately, JPMorgan Chase & Co. cut Nestlé from an overweight rating to a neutral rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Nestlé has an average rating of Hold.

Nestlé Stock Performance

Shares of NSRGY stock opened at $99.64 on Friday. Nestlé has a fifty-two week low of $99.02 and a fifty-two week high of $125.41. The business has a fifty day simple moving average of $104.61 and a 200-day simple moving average of $106.15. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Trading of Nestlé

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC acquired a new stake in Nestlé in the 1st quarter worth about $111,100,000. Douglas Lane & Associates LLC boosted its stake in Nestlé by 9.9% in the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after buying an additional 77,885 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Nestlé by 198.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock worth $9,636,000 after buying an additional 55,298 shares during the last quarter. Rodgers Brothers Inc. boosted its stake in Nestlé by 225.4% in the 1st quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock worth $3,292,000 after buying an additional 21,450 shares during the last quarter. Finally, Henry James International Management Inc. boosted its stake in Nestlé by 89.6% in the 1st quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock worth $2,493,000 after buying an additional 11,093 shares during the last quarter. Hedge funds and other 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.