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

Nestlé S.A. (OTCMKTS:NSRGY) has received a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. cut Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Horrell Capital Management Inc. raised its position in Nestlé by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,386,000 after purchasing an additional 94 shares during the period. First Horizon Advisors Inc. increased its position in shares of Nestlé by 22.4% during the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after acquiring an additional 114 shares during the period. Partners Capital Investment Group LLP increased its position in shares of Nestlé by 5.1% during the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock worth $274,000 after acquiring an additional 115 shares during the period. Pinnacle West Asset Management Inc. increased its position in shares of Nestlé by 4.8% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after acquiring an additional 130 shares during the period. Finally, Violich Capital Management Inc. increased its position in shares of Nestlé by 3.2% during the first quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock worth $541,000 after acquiring an additional 157 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Price Performance

NSRGY stock opened at $104.92 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. Nestlé has a 12-month low of $99.04 and a 12-month high of $125.41. The business’s 50-day moving average is $104.11 and its 200 day moving average is $107.98.

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.