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

Nestlé S.A. (OTCMKTS:NSRGY) has earned a consensus recommendation of “Reduce” from the eight research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company.

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd.

Institutional Trading of Nestlé

A number of institutional investors have recently modified their holdings of NSRGY. Confluence Investment Management LLC purchased a new stake in shares of Nestlé in the 1st quarter worth about $111,100,000. Douglass Winthrop Advisors LLC lifted its holdings in shares of Nestlé by 0.5% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock valued at $110,087,000 after purchasing an additional 4,923 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Nestlé by 9.9% in the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock valued at $87,887,000 after purchasing an additional 77,885 shares in the last quarter. Hemenway Trust Co LLC grew its position in shares of Nestlé by 2.7% in the first quarter. Hemenway Trust Co LLC now owns 257,164 shares of the company’s stock valued at $27,311,000 after purchasing an additional 6,670 shares during the last quarter. Finally, Broderick Brian C increased its stake in shares of Nestlé by 4.6% during the 1st quarter. Broderick Brian C now owns 102,949 shares of the company’s stock worth $10,933,000 after purchasing an additional 4,520 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Price Performance

Nestlé stock opened at $106.92 on Friday. The company’s 50 day simple moving average is $103.47 and its 200-day simple moving average is $104.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé has a 1 year low of $99.02 and a 1 year high of $121.80.

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.