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

Nestlé S.A. (OTCMKTS:NSRGY) has received an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company.

Several brokerages have recently weighed in on NSRGY. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd.

Institutional Trading of Nestlé

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of Nestlé during the 3rd quarter worth about $36,000. First Horizon Advisors Inc. lifted its position in shares of Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after purchasing an additional 922 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Nestlé in the 2nd quarter worth approximately $134,000. Front Row Advisors LLC lifted its position in shares of Nestlé by 421.4% in the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Nestlé in the 2nd quarter worth approximately $262,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Trading Up 0.2 %

Shares of Nestlé stock opened at $83.81 on Monday. The company’s fifty day simple moving average is $91.26 and its 200-day simple moving average is $99.33. Nestlé has a 1-year low of $83.66 and a 1-year high of $117.55.

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.