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

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company.

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th.

Nestlé Stock Performance

Nestlé stock opened at $86.57 on Tuesday. Nestlé has a 52-week low of $80.11 and a 52-week high of $115.91. The firm’s fifty day moving average is $83.45 and its 200 day moving average is $94.07. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Institutional Investors Weigh In On Nestlé

Several institutional investors have recently added to or reduced their stakes in the business. 3Chopt Investment Partners LLC acquired a new stake in shares of Nestlé during the second quarter worth $372,000. GAMMA Investing LLC lifted its position in 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 acquiring an additional 698 shares during the period. Diversified Trust Co increased its holdings in shares of Nestlé by 10.9% in the third quarter. Diversified Trust Co now owns 7,355 shares of the company’s stock valued at $741,000 after purchasing an additional 725 shares during the period. Avity Investment Management Inc. raised its stake in shares of Nestlé by 93.5% in the third quarter. Avity Investment Management Inc. now owns 10,785 shares of the company’s stock worth $1,086,000 after purchasing an additional 5,210 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its holdings in shares of Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after purchasing an additional 55,367 shares during the period. Institutional investors and hedge funds 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.