Nestlé (OTCMKTS:NSRGY) Downgraded by Berenberg Bank

Berenberg Bank lowered shares of Nestlé (OTCMKTS:NSRGY) from a buy rating to a hold rating in a research note published on Friday, Marketbeat.com reports.

NSRGY has been the subject of several other research reports. UBS Group downgraded shares of Nestlé from a buy rating to a neutral rating in a research report on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a buy rating to a hold rating in a research report on Friday. Finally, JPMorgan Chase & Co. downgraded shares of Nestlé from an overweight rating to a neutral rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $99.64 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. Nestlé has a 52-week low of $99.02 and a 52-week high of $125.41. The company has a 50 day moving average of $104.61 and a two-hundred day moving average of $106.15.

Institutional Investors Weigh In On Nestlé

A number of hedge funds have recently added to or reduced their stakes in NSRGY. Wetzel Investment Advisors Inc. acquired a new stake in Nestlé in the fourth quarter worth about $69,000. First Horizon Advisors Inc. raised its position in Nestlé by 22.4% in 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 in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Nestlé in the second quarter worth about $134,000. Vestor Capital LLC raised its position in Nestlé by 242.9% in the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after acquiring an additional 945 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in Nestlé in the first quarter worth about $220,000. 0.61% of the stock is currently 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.