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

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

A number of research analysts recently weighed in on NSRGY shares. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th.

Nestlé Trading Up 2.9 %

OTCMKTS NSRGY opened at $97.79 on Friday. Nestlé has a 52 week low of $80.11 and a 52 week high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. The stock’s 50 day moving average price is $84.71 and its two-hundred day moving average price is $92.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Douglass Winthrop Advisors LLC grew its position in shares of Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after acquiring an additional 24,826 shares during the period. Hantz Financial Services Inc. grew its position in shares of Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after acquiring an additional 10,523 shares during the period. Altrius Capital Management Inc boosted its holdings in shares of Nestlé by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after buying an additional 9,381 shares during the period. Saybrook Capital NC boosted its holdings in shares of Nestlé by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock worth $6,188,000 after buying an additional 12,340 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in shares of Nestlé by 0.3% during the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock worth $6,102,000 after buying an additional 239 shares during the period. 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.