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

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

NSRGY has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of 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. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th.

Nestlé Stock Performance

Shares of NSRGY opened at $86.47 on Tuesday. Nestlé has a fifty-two week low of $80.11 and a fifty-two week high of $115.91. The business has a 50-day moving average of $83.53 and a 200 day moving average of $94.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

Hedge Funds Weigh In On Nestlé

A number of institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its holdings in shares of Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after buying an additional 10,523 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Nestlé in the fourth quarter valued at $386,000. Brooklyn Investment Group purchased a new stake in Nestlé during the third quarter valued at about $36,000. Douglass Winthrop Advisors LLC lifted its stake in Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares during the last quarter. Finally, Canopy Partners LLC boosted its holdings in shares of Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

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.