Nestlé (OTCMKTS:NSRGY) Sets New 12-Month Low – Here’s Why

Nestlé S.A. (OTCMKTS:NSRGY) shares reached a new 52-week low on Tuesday . The stock traded as low as $95.51 and last traded at $95.61, with a volume of 453580 shares trading hands. The stock had previously closed at $97.55.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Nestlé has an average rating of “Hold”.

Nestlé Stock Down 0.4 %

The company’s fifty day moving average price is $100.81 and its two-hundred day moving average price is $102.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new position in shares of Nestlé in the second quarter valued at approximately $134,000. Front Row Advisors LLC boosted 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 purchasing an additional 1,888 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after purchasing an additional 949 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Nestlé during the second quarter worth $262,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in Nestlé during the second quarter worth $265,000. Institutional investors and hedge funds 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.