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

Nestlé S.A. (OTCMKTS:NSRGY) has been assigned an average rating of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company.

A number of equities analysts recently issued reports on the stock. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Finally, Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th.

Institutional Trading of Nestlé

A number of large investors have recently added to or reduced their stakes in the business. Douglas Lane & Associates LLC boosted its holdings in shares of Nestlé by 3.7% in the first quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock worth $83,255,000 after buying an additional 27,888 shares during the period. Councilmark Asset Management LLC purchased a new position in Nestlé during the 1st quarter worth approximately $640,000. Confluence Investment Management LLC acquired a new stake in Nestlé during the 1st quarter valued at $111,100,000. Wedgewood Investors Inc. PA purchased a new stake in shares of Nestlé in the second quarter valued at $277,000. Finally, Cullen Investment Group LTD. boosted its position in shares of Nestlé by 3.7% in the first quarter. Cullen Investment Group LTD. now owns 9,608 shares of the company’s stock worth $1,005,000 after buying an additional 342 shares during the period. 0.61% of the stock is currently owned by institutional investors.

Nestlé Trading Down 0.2 %

OTCMKTS:NSRGY opened at $100.47 on Wednesday. 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 $96.36 and a 1 year high of $117.55. The business has a fifty day moving average of $102.73 and a 200-day moving average of $103.69.

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.