Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Rating of “Hold” by Analysts

Nestlé S.A. (OTCMKTS:NSRGY) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.

Several research firms recently weighed in on NSRGY. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Douglass Winthrop Advisors LLC grew its stake in shares of Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares during the period. Douglas Lane & Associates LLC grew its position in Nestlé by 6.4% in the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after acquiring an additional 55,367 shares during the period. Hantz Financial Services Inc. raised its stake in Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after acquiring an additional 10,523 shares in the last quarter. Altrius Capital Management Inc lifted its holdings in shares of Nestlé by 2.4% during the third quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after acquiring an additional 1,603 shares during the period. Finally, Saybrook Capital NC boosted its stake in shares of Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after purchasing an additional 6,742 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Price Performance

OTCMKTS:NSRGY opened at $85.10 on Tuesday. Nestlé has a 1 year low of $80.11 and a 1 year high of $115.23. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $83.46 and its 200 day simple moving average is $93.73.

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.