Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average rating of “Reduce” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $153.00.

Several analysts recently issued reports on NSRGY shares. Royal Bank of Canada raised Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wetzel Investment Advisors Inc. purchased a new position in Nestlé during the fourth quarter worth $69,000. First Horizon Advisors Inc. increased its holdings in shares of Nestlé by 22.4% in the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 114 shares during the period. Operose Advisors LLC purchased a new stake in shares of Nestlé in the 3rd quarter valued at $82,000. Vestor Capital LLC lifted its holdings in shares of Nestlé by 242.9% in the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after buying an additional 945 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Nestlé during the 1st quarter worth approximately $220,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Price Performance

NSRGY stock opened at $106.75 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. Nestlé has a 1-year low of $99.04 and a 1-year high of $125.41. The company’s 50 day moving average is $103.75 and its 200 day moving average is $108.25.

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.