Nestlé (OTCMKTS:NSRGY) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group cut shares of Nestlé (OTCMKTS:NSRGY - Free Report) from a hold rating to an underperform rating in a research report released on Wednesday, Marketbeat reports.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley upgraded Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. Citigroup lowered Nestlé from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Royal Bank of Canada upgraded Nestlé from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group raised 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 given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Nestlé Stock Up 0.2 %

Shares of Nestlé stock traded up $0.14 on Wednesday, hitting $82.65. The company had a trading volume of 840,463 shares, compared to its average volume of 1,024,493. The stock has a 50-day moving average of $85.74 and a 200-day moving average of $96.26. Nestlé has a twelve month low of $80.84 and a twelve month high of $116.03.

Hedge Funds Weigh In On Nestlé

A number of institutional investors have recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group acquired a new stake in shares of Nestlé during the 3rd quarter worth about $36,000. First Horizon Advisors Inc. lifted its position in Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock worth $130,000 after acquiring an additional 922 shares during the last quarter. Front Row Advisors LLC boosted its holdings in shares of Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company's stock worth $239,000 after acquiring an additional 1,888 shares during the period. Vaughan David Investments LLC IL grew its position in shares of Nestlé by 12.4% in the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company's stock valued at $279,000 after purchasing an additional 300 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nestlé by 28.1% during the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company's stock worth $320,000 after purchasing an additional 698 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.