Nestlé (OTCMKTS:NSRGY) Reaches New 1-Year Low – Here’s What Happened

Nestlé S.A. (OTCMKTS:NSRGY)’s stock price reached a new 52-week low on Monday . The stock traded as low as $80.84 and last traded at $81.86, with a volume of 1570981 shares trading hands. The stock had previously closed at $82.02.

Wall Street Analyst Weigh In

NSRGY has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Finally, Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nestlé presently has an average rating of “Hold”.

Nestlé Stock Up 0.2 %

The company has a fifty day moving average of $85.74 and a 200-day moving average of $96.26.

Institutional Investors Weigh In On Nestlé

A number of hedge funds have recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group purchased a new stake in shares of Nestlé during the third quarter worth $36,000. First Horizon Advisors Inc. grew its stake in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after purchasing an additional 922 shares in the last quarter. Front Row Advisors LLC increased its holdings in Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the period. Vaughan David Investments LLC IL raised its position in Nestlé by 12.4% in the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after purchasing an additional 300 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Nestlé by 28.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after buying an additional 698 shares during the period. 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.