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

Nestlé S.A. (OTCMKTS:NSRGY) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a strong buy recommendation on the company.

A number of brokerages recently weighed in on NSRGY. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Jefferies Financial Group downgraded 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 note on Wednesday, January 8th. Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th.

Nestlé Price Performance

OTCMKTS NSRGY opened at $103.55 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average of $91.70 and a two-hundred day moving average of $91.68. Nestlé has a 1-year low of $80.11 and a 1-year high of $110.46.

Hedge Funds Weigh In On Nestlé

Several institutional investors have recently added to or reduced their stakes in NSRGY. Douglass Winthrop Advisors LLC lifted its holdings in shares of Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares during the period. Hantz Financial Services Inc. raised its position in Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after buying an additional 10,523 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Nestlé in the 4th quarter worth $386,000. Altrius Capital Management Inc increased its stake in shares of Nestlé by 13.5% during the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after acquiring an additional 9,381 shares during the period. Finally, Saybrook Capital NC raised its holdings in Nestlé by 19.5% during the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock worth $6,188,000 after purchasing an additional 12,340 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.