Nestlé (OTCMKTS:NSRGY) Downgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Nestlé (OTCMKTS:NSRGYFree Report) from an overweight rating to a neutral rating in a research report released on Thursday morning, MarketBeat Ratings reports.

Separately, Royal Bank of Canada raised Nestlé from an underperform rating to a sector perform rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $153.00.

View Our Latest Research Report on NSRGY

Nestlé Price Performance

NSRGY opened at $101.15 on Thursday. Nestlé has a fifty-two week low of $99.04 and a fifty-two week high of $125.41. The business has a 50-day moving average of $103.55 and a 200-day moving average of $108.89. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. bought a new position in shares of Nestlé in the 4th quarter valued at approximately $69,000. First Horizon Advisors Inc. grew its holdings in Nestlé by 22.4% in the 4th quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after buying an additional 114 shares during the last quarter. Operose Advisors LLC acquired a new stake in Nestlé in the 3rd quarter valued at approximately $82,000. Vestor Capital LLC grew its holdings in Nestlé by 242.9% in the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after buying an additional 945 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in Nestlé in the 1st quarter valued at approximately $220,000. 0.61% of the stock is owned by institutional investors.

About Nestlé

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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.

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