Nestlé (OTCMKTS:NSRGY) Downgraded by Morgan Stanley

Nestlé (OTCMKTS:NSRGY) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Monday, Briefing.com reports.

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

Nestlé Trading Down 0.3 %

Nestlé stock opened at $103.13 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé has a 1 year low of $99.02 and a 1 year high of $119.52. The company’s fifty day moving average price is $103.79 and its 200 day moving average price is $104.19.

Institutional Trading of Nestlé

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 1620 Investment Advisors Inc. acquired a new position in Nestlé during the 2nd quarter worth $134,000. Accent Capital Management LLC acquired a new position in shares of Nestlé during the fourth quarter worth about $241,000. Front Row Advisors LLC increased its stake in shares of 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 buying an additional 1,888 shares during the period. Partners Capital Investment Group LLP raised its holdings in Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after acquiring an additional 115 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Nestlé by 61.9% in the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after acquiring an additional 949 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other 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.