Nestlé (OTCMKTS:NSRGY) Reaches New 12-Month Low – Should You Sell?

Nestlé S.A. (OTCMKTS:NSRGY) hit a new 52-week low during trading on Tuesday . The company traded as low as $86.65 and last traded at $87.12, with a volume of 2295701 shares traded. The stock had previously closed at $88.59.

Analyst Upgrades and Downgrades

NSRGY has been the subject of several analyst reports. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Finally, Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nestlé Stock Performance

The business has a 50 day moving average of $96.32 and a two-hundred day moving average of $101.47.

Institutional Investors Weigh In On Nestlé

Several large investors have recently added to or reduced their stakes in NSRGY. Hantz Financial Services Inc. bought a new position in Nestlé in the 2nd quarter valued at $9,577,000. Douglas Lane & Associates LLC grew its position in Nestlé by 9.9% during the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after acquiring an additional 77,885 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the period. Mengis Capital Management Inc. lifted its holdings in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after buying an additional 16,671 shares during the period. Finally, Altrius Capital Management Inc lifted its stake in shares of Nestlé by 11.9% in the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock valued at $6,936,000 after purchasing an additional 7,200 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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.