Nestlé (OTCMKTS:NSRGY) Rating Lowered to “Sector Perform” at Royal Bank of Canada

Royal Bank of Canada downgraded shares of Nestlé (OTCMKTS:NSRGY) from an outperform rating to a sector perform rating in a research report report published on Friday, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $103.55 on Friday. Nestlé has a 12-month low of $80.11 and a 12-month 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 business has a 50 day simple moving average of $91.70 and a 200 day simple moving average of $91.68.

Hedge Funds Weigh In On Nestlé

Hedge funds have recently modified their holdings of the company. Douglass Winthrop Advisors LLC boosted 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 buying an additional 24,826 shares in the last quarter. Hantz Financial Services Inc. grew its stake 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 worth $8,806,000 after purchasing an additional 10,523 shares during the last quarter. Altrius Capital Management Inc raised its holdings in shares of Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after purchasing an additional 9,381 shares in the last quarter. Saybrook Capital NC lifted its stake in Nestlé by 19.5% during the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after purchasing an additional 12,340 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Nestlé by 0.3% during the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock worth $6,102,000 after buying an additional 239 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.