Nestlé (OTCMKTS:NSRGY) Rating Lowered to Underperform at Jefferies Financial Group

Jefferies Financial Group lowered shares of Nestlé (OTCMKTS:NSRGY) from a hold rating to an underperform rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.

A number of other analysts have also recently commented on NSRGY. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley raised 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. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Nestlé Stock Down 2.4 %

Shares of NSRGY opened at $80.65 on Wednesday. The stock’s 50-day moving average price is $85.22 and its two-hundred day moving average price is $95.99. Nestlé has a 12 month low of $80.53 and a 12 month high of $115.91.

Hedge Funds Weigh In On Nestlé

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Nestlé by 6.5% during the second quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock valued at $6,516,000 after buying an additional 3,909 shares during the period. Vaughan David Investments LLC IL boosted its position in shares of Nestlé by 12.4% during the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after acquiring an additional 300 shares during the last quarter. Studio Investment Management LLC grew its holdings in shares of Nestlé by 5.1% during the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after purchasing an additional 180 shares in the last quarter. Altrius Capital Management Inc increased its position in shares of Nestlé by 11.9% in the second quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Beddow Capital Management Inc. raised its stake in Nestlé by 6.4% in the second quarter. Beddow Capital Management Inc. now owns 58,510 shares of the company’s stock valued at $5,994,000 after purchasing an additional 3,495 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

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.