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

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given an average recommendation of “Hold” by the ten brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company.

Several analysts have issued reports on the company. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd.

Hedge Funds Weigh In On Nestlé

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mengis Capital Management Inc. boosted its position in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the period. Douglass Winthrop Advisors LLC boosted its holdings in Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares during the period. ORG Partners LLC grew its stake in Nestlé by 225.7% during the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock worth $876,000 after purchasing an additional 6,032 shares in the last quarter. Saybrook Capital NC raised its position in Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after purchasing an additional 6,742 shares in the last quarter. Finally, Wedgewood Investors Inc. PA acquired a new stake in Nestlé in the second quarter valued at approximately $277,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Stock Performance

NSRGY stock opened at $83.81 on Monday. Nestlé has a 1 year low of $83.66 and a 1 year high of $117.55. The business has a 50 day simple moving average of $91.26 and a 200-day simple moving average of $99.34.

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.