Nestlé (OTCMKTS:NSRGY) Sets New 52-Week Low – Here’s What Happened

Shares of Nestlé S.A. (OTCMKTS:NSRGY) reached a new 52-week low during trading on Monday . The stock 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nestlé Trading Down 0.2 %

The firm has a fifty day moving average price of $86.56 and a 200 day moving average price of $96.69.

Institutional Trading of Nestlé

A number of institutional investors and hedge funds have recently made changes to their positions in NSRGY. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of 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 buying an additional 55,367 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Nestlé by 4.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock worth $9,792,000 after buying an additional 3,787 shares during the last quarter. Altrius Capital Management Inc grew its stake in Nestlé by 2.4% in the third quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Nestlé by 6.5% in the second quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock valued at $6,516,000 after acquiring an additional 3,909 shares during 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.