Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Rating of “Hold” by Brokerages

Nestlé S.A. (OTCMKTS:NSRGY) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company.

Several research analysts recently commented on the stock. 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. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th.

Nestlé Trading Up 0.2 %

OTCMKTS NSRGY opened at $83.81 on Monday. The company has a 50 day moving average price of $91.26 and a 200 day moving average price of $99.33. Nestlé has a 52 week low of $83.66 and a 52 week high of $117.55.

Institutional Trading of Nestlé

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in shares of Nestlé in the third quarter worth $36,000. First Horizon Advisors Inc. increased its stake in shares of Nestlé by 251.9% in the third 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. 1620 Investment Advisors Inc. acquired a new stake in shares of Nestlé in the second quarter worth $134,000. Front Row Advisors LLC increased its stake in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after acquiring an additional 1,888 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Nestlé in the second quarter worth $262,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.