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

Nestlé S.A. (OTCMKTS:NSRGY) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a strong buy recommendation to the company.

A number of equities research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Royal Bank of Canada lowered shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th.

Hedge Funds Weigh In On Nestlé

Institutional investors have recently made changes to their positions in the business. Beddow Capital Management Inc. raised its stake in Nestlé by 4.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company’s stock worth $6,151,000 after acquiring an additional 2,590 shares during the period. First Horizon Advisors Inc. raised its stake in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after acquiring an additional 922 shares during the period. Studio Investment Management LLC raised its stake in Nestlé by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after acquiring an additional 200 shares during the period. Canopy Partners LLC raised its stake in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after acquiring an additional 147 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its stake 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 period. Institutional investors own 0.61% of the company’s stock.

Nestlé Trading Up 0.0 %

NSRGY stock opened at $103.55 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé has a one year low of $80.11 and a one year high of $110.46. The firm has a 50 day simple moving average of $91.70 and a two-hundred day simple moving average of $91.88.

About Nestlé

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.