Nestlé (OTCMKTS:NSRGY) Rating Lowered to “Sector Perform” at Royal Bank of Canada

Nestlé (OTCMKTS:NSRGY) was downgraded by research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

NSRGY has been the topic of several other reports. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nestlé Price Performance

Shares of NSRGY opened at $103.55 on Friday. The business’s 50-day moving average is $91.70 and its two-hundred day moving average is $91.78. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé has a fifty-two week low of $80.11 and a fifty-two week high of $110.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sustainable Growth Advisers LP raised its holdings in Nestlé by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock valued at $6,097,000 after acquiring an additional 28,040 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in 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 acquiring an additional 24,826 shares during the last quarter. Ramirez Asset Management Inc. raised its holdings in Nestlé by 5,901.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company’s stock valued at $2,068,000 after acquiring an additional 24,609 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Nestlé in the 4th quarter valued at about $1,932,000. Finally, Elefante Mark B acquired a new stake in Nestlé in the 4th quarter valued at about $1,527,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

About Nestlé

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.