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

Nestlé S.A. (OTCMKTS:NSRGY) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th.

Nestlé Stock Up 0.2 %

Shares of OTCMKTS:NSRGY opened at $82.02 on Friday. The business has a fifty day simple moving average of $86.56 and a 200 day simple moving average of $96.69. Nestlé has a 12-month low of $81.18 and a 12-month high of $117.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mengis Capital Management Inc. lifted its holdings in shares of Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after purchasing an additional 16,671 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the last quarter. ORG Partners LLC increased its position in shares of Nestlé by 225.7% during the third quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock worth $876,000 after acquiring an additional 6,032 shares in the last quarter. Saybrook Capital NC lifted its position in 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 acquiring an additional 6,742 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its holdings in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after purchasing an additional 55,367 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.