Nestlé S.A. (OTCMKTS:NSRGY) Given Average Rating of “Hold” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

A number of equities analysts have recently issued reports on NSRGY shares. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th.

Institutional Trading of Nestlé

Institutional investors and hedge funds have recently modified their holdings of the business. Canopy Partners LLC grew its stake in Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after purchasing an additional 147 shares during the period. Studio Investment Management LLC grew its position in Nestlé by 5.4% during the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after buying an additional 200 shares during the period. Brooklyn Investment Group purchased a new stake in Nestlé during the third quarter worth about $36,000. GAMMA Investing LLC raised its position in Nestlé by 28.1% in the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after acquiring an additional 698 shares during the period. Finally, Diversified Trust Co boosted its stake in Nestlé by 10.9% in the third quarter. Diversified Trust Co now owns 7,355 shares of the company’s stock valued at $741,000 after acquiring an additional 725 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Stock Up 4.9 %

Shares of OTCMKTS NSRGY opened at $86.47 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The company’s fifty day simple moving average is $83.53 and its 200 day simple moving average is $94.39. Nestlé has a 12-month low of $80.11 and a 12-month high of $115.91.

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.