Nestlé (OTCMKTS:NSRGY) Downgraded by UBS Group to Neutral

UBS Group lowered shares of Nestlé (OTCMKTS:NSRGY) from a buy rating to a neutral rating in a research note published on Friday, Marketbeat reports.

Separately, JPMorgan Chase & Co. cut shares of Nestlé from an overweight rating to a neutral rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold.

Nestlé Stock Down 0.4 %

OTCMKTS:NSRGY opened at $99.21 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The company has a fifty day moving average of $104.48 and a two-hundred day moving average of $106.05. Nestlé has a fifty-two week low of $99.02 and a fifty-two week high of $123.68.

Institutional Investors Weigh In On Nestlé

A number of hedge funds have recently modified their holdings of NSRGY. Wetzel Investment Advisors Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at about $69,000. First Horizon Advisors Inc. grew its holdings in shares of Nestlé by 22.4% in the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 114 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Nestlé in the second quarter valued at about $134,000. Vestor Capital LLC grew its holdings in shares of Nestlé by 242.9% in the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after purchasing an additional 945 shares during the period. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Nestlé in the first quarter valued at about $220,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.