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

Nestlé S.A. (OTCMKTS:NSRGY) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company.

A number of equities analysts recently issued reports on NSRGY shares. Berenberg Bank cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. UBS Group downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Morgan Stanley downgraded shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st.

Hedge Funds Weigh In On Nestlé

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of Nestlé by 0.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after buying an additional 113 shares during the last quarter. Partners Capital Investment Group LLP boosted its holdings in shares of Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock worth $274,000 after buying an additional 115 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of Nestlé by 4.8% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after buying an additional 130 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in Nestlé by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 29,371 shares of the company’s stock valued at $3,122,000 after purchasing an additional 147 shares in the last quarter. Finally, Violich Capital Management Inc. lifted its holdings in Nestlé by 3.2% during the first quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock valued at $541,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Trading Up 0.3 %

Shares of Nestlé stock opened at $100.94 on Wednesday. The firm’s 50-day moving average is $103.02 and its 200 day moving average is $103.89. Nestlé has a 1 year low of $96.36 and a 1 year high of $117.55. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26.

Nestlé Company Profile

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.