Nestlé (OTCMKTS:NSRGY) Rating Lowered to “Underperform” at Jefferies Financial Group

Nestlé (OTCMKTS:NSRGY) was downgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research report issued on Wednesday, Marketbeat.com reports.

Several other equities research analysts also recently weighed in on the company. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nestlé has an average rating of “Hold”.

Nestlé Stock Up 0.2 %

Shares of OTCMKTS NSRGY opened at $82.65 on Wednesday. The business has a fifty day simple moving average of $85.50 and a two-hundred day simple moving average of $96.17. Nestlé has a twelve month low of $80.84 and a twelve month high of $116.03.

Institutional Trading of Nestlé

Several hedge funds have recently modified their holdings of the business. Brooklyn Investment Group acquired a new stake in Nestlé in the third quarter valued at $36,000. First Horizon Advisors Inc. increased its holdings in 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 raised its position in Nestlé by 421.4% during the second 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 grew its position in shares of Nestlé by 12.4% in the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after purchasing an additional 300 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after purchasing an additional 698 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

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.