Nestlé (OTCMKTS:NSRGY) Hits New 1-Year Low - Here's Why

Shares of Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $81.18 and last traded at $82.35, with a volume of 683076 shares. The stock had previously closed at $82.30.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NSRGY shares. Barclays reaffirmed an "equal weight" rating on shares of Nestlé in a research note on Monday, September 9th. Morgan Stanley raised Nestlé from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 27th. Citigroup lowered shares of Nestlé from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada raised Nestlé from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Nestlé Price Performance

The business has a 50 day moving average price of $89.45 and a 200 day moving average price of $98.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in Nestlé during the 3rd quarter valued at $36,000. First Horizon Advisors Inc. grew its holdings in shares of Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock worth $130,000 after purchasing an additional 922 shares in the last quarter. Front Row Advisors LLC increased its position 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 valued at $239,000 after purchasing an additional 1,888 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Nestlé in the second quarter valued at $262,000. Finally, Waldron Private Wealth LLC acquired a new stake in Nestlé during the second quarter worth $275,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.