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

Nestlé S.A. (OTCMKTS:NSRGY) has been given an average rating of “Reduce” by the ten research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company.

NSRGY has been the topic of several recent analyst reports. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th.

Hedge Funds Weigh In On Nestlé

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC grew its position in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after acquiring an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after acquiring an additional 55,367 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings 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 buying an additional 3,787 shares during the period. Ramsay Stattman Vela & Price Inc. lifted its holdings in Nestlé by 2.0% in the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock worth $9,481,000 after buying an additional 1,855 shares during the period. Finally, Puzo Michael J lifted its holdings in Nestlé by 5.6% in the 1st quarter. Puzo Michael J now owns 87,980 shares of the company’s stock worth $9,343,000 after buying an additional 4,679 shares during the period. 0.61% of the stock is currently owned by institutional investors.

Nestlé Stock Down 0.9 %

OTCMKTS:NSRGY opened at $87.16 on Thursday. The business’s 50-day moving average price is $97.30 and its two-hundred day moving average price is $101.74. Nestlé has a twelve month low of $87.07 and a twelve month high of $117.55.

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.