Nestle SA (OTCMKTS:NSRGY) Receives Average Rating of “Hold” from Analysts

Nestle SA (OTCMKTS:NSRGY) has earned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $91.00.

Separately, Jefferies Financial Group upgraded Nestle from an “underperform” rating to a “hold” rating in a research note on Friday, August 1st.

Nestle Price Performance

NSRGY opened at $89.26 on Friday. Nestle has a 12 month low of $80.11 and a 12 month high of $109.31. The stock has a fifty day moving average price of $91.75 and a 200-day moving average price of $99.04. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Weik Capital Management increased its stake in Nestle by 0.3% during the second quarter. Weik Capital Management now owns 51,889 shares of the company’s stock worth $5,154,000 after acquiring an additional 160 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Nestle by 37.4% during the second quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock worth $61,000 after acquiring an additional 167 shares during the last quarter. Diversified Trust Co increased its stake in Nestle by 5.2% during the second quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock worth $343,000 after acquiring an additional 170 shares during the last quarter. Verity Asset Management Inc. increased its stake in Nestle by 4.2% during the second quarter. Verity Asset Management Inc. now owns 4,747 shares of the company’s stock worth $471,000 after acquiring an additional 190 shares during the last quarter. Finally, North Star Asset Management Inc. increased its stake in Nestle by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock worth $444,000 after acquiring an additional 229 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle 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.