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

Nestlé S.A. (OTCMKTS:NSRGY) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

NSRGY has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday.

Nestlé Price Performance

Shares of NSRGY stock opened at $82.65 on Friday. Nestlé has a 12 month low of $80.84 and a 12 month high of $116.03. The company’s fifty day simple moving average is $85.50 and its 200-day simple moving average is $96.17.

Hedge Funds Weigh In On Nestlé

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Nestlé by 0.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after acquiring an additional 113 shares during the period. Canopy Partners LLC raised its position in shares of Nestlé by 3.0% in the third quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after buying an additional 147 shares in the last quarter. Studio Investment Management LLC boosted its stake in shares of Nestlé by 5.1% in the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock valued at $377,000 after buying an additional 180 shares during the period. Vaughan David Investments LLC IL grew its position in Nestlé by 12.4% during the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after buying an additional 300 shares in the last quarter. Finally, Cheviot Value Management LLC increased its stake in Nestlé by 7.1% during the 2nd quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock worth $488,000 after acquiring an additional 315 shares during the period. 0.61% of the stock is owned by institutional investors.

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.