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

Nestlé S.A. (OTCMKTS:NSRGY) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a strong buy rating to the company.

NSRGY has been the subject of a number of recent research reports. Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th.

Nestlé Stock Performance

Shares of NSRGY stock opened at $103.55 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The company has a 50-day simple moving average of $91.70 and a 200 day simple moving average of $91.88. Nestlé has a 52 week low of $80.11 and a 52 week high of $110.46.

Hedge Funds Weigh In On Nestlé

Large investors have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new position in Nestlé during the fourth quarter valued at approximately $26,000. North Star Asset Management Inc. grew its stake in Nestlé by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after acquiring an additional 229 shares in the last quarter. Studio Investment Management LLC grew its stake in Nestlé by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock valued at $326,000 after acquiring an additional 112 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in Nestlé during the fourth quarter valued at approximately $822,000. Finally, Elefante Mark B purchased a new position in Nestlé during the fourth quarter valued at approximately $1,527,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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.