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

Nestlé S.A. (OTCMKTS:NSRGY) has received a consensus rating of “Reduce” from the ten ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company.

A number of equities research analysts have weighed in on NSRGY shares. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. UBS Group downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

Institutional Investors Weigh In On Nestlé

Large investors have recently bought and sold shares of the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of Nestlé by 0.5% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock valued at $2,459,000 after purchasing an additional 113 shares during the last quarter. Violich Capital Management Inc. increased its holdings in Nestlé by 3.2% in the first quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock valued at $541,000 after buying an additional 157 shares during the last quarter. Studio Investment Management LLC raised its stake in Nestlé by 5.1% in the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock valued at $377,000 after buying an additional 180 shares in the last quarter. Kanawha Capital Management LLC boosted its position in shares of Nestlé by 4.0% during the 2nd quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock worth $622,000 after acquiring an additional 231 shares in the last quarter. Finally, Hendley & Co. Inc. increased its holdings in shares of Nestlé by 0.6% in the 1st quarter. Hendley & Co. Inc. now owns 44,612 shares of the company’s stock valued at $4,738,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Trading Down 1.2 %

OTCMKTS NSRGY opened at $98.47 on Friday. Nestlé has a twelve month low of $96.36 and a twelve month high of $117.55. The stock has a fifty day simple moving average of $101.62 and a 200-day simple moving average of $102.93.

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.