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

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company.

Several research analysts recently weighed in on the company. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised shares of 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 report on Wednesday, November 27th. Finally, Barclays reissued an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th.

Institutional Trading of Nestlé

A number of hedge funds have recently modified their holdings of NSRGY. Brooklyn Investment Group acquired a new position in Nestlé in the 3rd quarter worth about $36,000. First Horizon Advisors Inc. grew its position in shares of Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after purchasing an additional 922 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Nestlé during the second quarter worth about $134,000. Front Row Advisors LLC raised its position in shares of 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 last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Nestlé in the 2nd quarter valued at about $262,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

Shares of NSRGY opened at $83.81 on Monday. The company has a 50 day moving average of $91.26 and a two-hundred day moving average of $99.34. Nestlé has a twelve month low of $83.66 and a twelve month high of $117.55.

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.