Nestlé (OTCMKTS:NSRGY) Sets New 12-Month Low – Should You Sell?

Nestlé S.A. (OTCMKTS:NSRGY)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $80.84 and last traded at $81.86, with a volume of 1570981 shares changing hands. The stock had previously closed at $82.02.

Wall Street Analysts Forecast Growth

NSRGY has been the subject of several recent research reports. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nestlé Price Performance

The business’s fifty day moving average price is $86.56 and its two-hundred day moving average price is $96.69.

Hedge Funds Weigh In On Nestlé

Several hedge funds and other institutional investors have recently bought and sold shares of NSRGY. Douglas Lane & Associates LLC boosted its position in Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after purchasing an additional 55,367 shares in the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the period. Mengis Capital Management Inc. raised its holdings in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the period. Altrius Capital Management Inc raised its position in Nestlé by 11.9% in the second 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 period. Finally, Saybrook Capital NC grew its position in Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after acquiring an additional 6,742 shares in the last quarter. 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.