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

Nestlé S.A. (OTCMKTS:NSRGY) has been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

NSRGY has been the subject of several recent analyst reports. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th.

Hedge Funds Weigh In On Nestlé

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its position in Nestlé by 4.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock worth $9,792,000 after purchasing an additional 3,787 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Nestlé during the third quarter worth about $36,000. Douglass Winthrop Advisors LLC increased its stake in Nestlé by 2.5% during the third 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. Canopy Partners LLC raised its holdings in Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after acquiring an additional 147 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of Nestlé by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after acquiring an additional 200 shares during the period. Institutional investors own 0.61% of the company’s stock.

Nestlé Trading Up 0.2 %

Shares of OTCMKTS:NSRGY opened at $81.89 on Friday. Nestlé has a 1 year low of $81.18 and a 1 year high of $117.55. The firm has a fifty day moving average price of $87.19 and a 200 day moving average price of $97.11.

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.