Nestlé (OTCMKTS:NSRGY) Cut to “Underweight” at Morgan Stanley

Morgan Stanley lowered shares of Nestlé (OTCMKTS:NSRGY) from an equal weight rating to an underweight rating in a report released on Friday, Marketbeat reports. Morgan Stanley currently has $91.00 price target on the stock.

Several other equities research analysts have also issued reports on NSRGY. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.00.

Nestlé Stock Performance

Shares of NSRGY stock opened at $100.61 on Friday. 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 one year low of $80.11 and a one year high of $110.46. The company’s 50-day simple moving average is $95.71 and its 200-day simple moving average is $91.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NSRGY. Ameriflex Group Inc. acquired a new stake in Nestlé in the fourth quarter worth about $26,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nestlé in the 4th quarter worth approximately $33,000. Thompson Investment Management Inc. bought a new position in shares of Nestlé in the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Nestlé during the fourth quarter valued at approximately $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Nestlé during the fourth quarter valued at approximately $49,000. Institutional investors own 0.61% of the company’s stock.

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.