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

Nestlé S.A. (OTCMKTS:NSRGY) has been assigned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company.

Several research analysts have weighed in on NSRGY shares. JPMorgan Chase & Co. downgraded shares of Nestlé from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

Nestlé Trading Down 0.6 %

Shares of OTCMKTS:NSRGY opened at $104.02 on Friday. The firm’s 50 day moving average price is $103.68 and its 200-day moving average price is $104.41. 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 twelve month low of $99.02 and a twelve month high of $119.94.

Institutional Investors Weigh In On Nestlé

Institutional investors and hedge funds have recently bought and sold shares of the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Nestlé by 0.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after purchasing an additional 113 shares in the last quarter. First Horizon Advisors Inc. raised 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 valued at $72,000 after buying an additional 114 shares during the last quarter. Partners Capital Investment Group LLP lifted its holdings in shares of Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock worth $274,000 after buying an additional 115 shares in the last quarter. Pinnacle West Asset Management Inc. boosted 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 last quarter. Finally, Horrell Capital Management Inc. grew its stake in Nestlé by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 29,371 shares of the company’s stock valued at $3,122,000 after acquiring an additional 147 shares in the last quarter. 0.61% of the stock is 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.