Nestlé S.A. (OTCMKTS:NSRGY) Receives Average Rating of “Hold” from Analysts

Nestlé S.A. (OTCMKTS:NSRGY) has received an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company.

A number of analysts have recently issued reports on NSRGY shares. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th.

Institutional Trading of Nestlé

Several institutional investors have recently added to or reduced their stakes in the business. Studio Investment Management LLC increased its stake in Nestlé by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock valued at $326,000 after purchasing an additional 112 shares during the last quarter. Canopy Partners LLC increased its stake in Nestlé by 3.0% during the third quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after purchasing an additional 147 shares during the last quarter. North Star Asset Management Inc. increased its stake in Nestlé by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after purchasing an additional 229 shares during the last quarter. Ancora Advisors LLC increased its stake in Nestlé by 0.3% during the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock valued at $6,102,000 after purchasing an additional 239 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Nestlé during the fourth quarter valued at $26,000. Institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $96.50 on Friday. The company has a 50 day moving average of $85.92 and a two-hundred day moving average of $92.22. Nestlé has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

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.