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

Nestlé S.A. (OTCMKTS:NSRGY) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Barclays restated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th.

Nestlé Trading Up 0.2 %

OTCMKTS:NSRGY opened at $82.02 on Friday. The business’s 50-day simple moving average is $86.56 and its 200-day simple moving average is $96.69. Nestlé has a fifty-two week low of $81.18 and a fifty-two week high of $117.13.

Institutional Investors Weigh In On Nestlé

Large investors have recently modified their holdings of the business. Brooklyn Investment Group bought a new position in Nestlé in the 3rd quarter valued at approximately $36,000. First Horizon Advisors Inc. boosted its holdings in shares of Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after acquiring an additional 922 shares in the last quarter. Front Row Advisors LLC grew its position in Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after acquiring an additional 1,888 shares during the last quarter. Vaughan David Investments LLC IL increased its holdings in Nestlé by 12.4% in the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after purchasing an additional 300 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nestlé by 28.1% in the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after buying an additional 698 shares during the period. 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.