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

Nestlé S.A. (OTCMKTS:NSRGY) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

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

Nestlé Price Performance

Shares of NSRGY stock opened at $97.63 on Friday. 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 has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The stock’s 50-day moving average is $85.34 and its two-hundred day moving average is $92.23.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mengis Capital Management Inc. grew its position in Nestlé by 304.3% during the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after buying an additional 16,671 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its position in shares of Nestlé by 2.5% in 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 period. Saybrook Capital NC grew its holdings in shares of Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after purchasing an additional 6,742 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of 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 purchasing an additional 10,523 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Nestlé in the fourth quarter valued at $386,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.