Nestlé (OTCMKTS:NSRGY) Hits New 1-Year Low – Time to Sell?

Nestlé S.A. (OTCMKTS:NSRGY)’s share price reached a new 52-week low on Tuesday . The company traded as low as $93.39 and last traded at $93.39, with a volume of 2169925 shares. The stock had previously closed at $94.57.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSRGY shares. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Finally, Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Nestlé Trading Down 1.2 %

The company’s fifty day moving average price is $100.29 and its 200-day moving average price is $102.54.

Institutional Investors Weigh In On Nestlé

Several hedge funds have recently added to or reduced their stakes in NSRGY. Douglas Lane & Associates LLC boosted its stake in Nestlé by 6.4% in the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after purchasing an additional 55,367 shares in the last quarter. Hemenway Trust Co LLC grew its holdings in shares of Nestlé by 2.7% during the first quarter. Hemenway Trust Co LLC now owns 257,164 shares of the company’s stock valued at $27,311,000 after buying an additional 6,670 shares during the last quarter. Broderick Brian C raised its holdings in Nestlé by 4.6% in the 1st quarter. Broderick Brian C now owns 102,949 shares of the company’s stock worth $10,933,000 after acquiring an additional 4,520 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Nestlé in the 2nd quarter valued at approximately $9,577,000. Finally, Ramsay Stattman Vela & Price Inc. boosted its stake in Nestlé by 2.0% during the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock valued at $9,481,000 after purchasing an additional 1,855 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

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.