Nestlé (OTCMKTS:NSRGY) Reaches New 12-Month Low - Here's Why

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $82.67 and last traded at $82.72, with a volume of 2569451 shares. The stock had previously closed at $83.81.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NSRGY shares. Royal Bank of Canada raised shares of Nestlé from a "sector perform" rating to an "outperform" rating in a report on Friday, October 18th. Barclays reissued 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 report on Wednesday, November 27th. Finally, Citigroup downgraded Nestlé from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Nestlé Stock Performance

The company has a 50 day simple moving average of $91.26 and a 200-day simple moving average of $99.33.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NSRGY. Douglass Winthrop Advisors LLC grew its holdings in shares of Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock valued at $104,417,000 after purchasing an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Nestlé by 6.4% in the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company's stock worth $92,299,000 after acquiring an additional 55,367 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Nestlé by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company's stock worth $9,792,000 after purchasing an additional 3,787 shares in the last quarter. Ramsay Stattman Vela & Price Inc. increased its stake in shares of Nestlé by 2.0% in the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company's stock worth $9,481,000 after acquiring an additional 1,855 shares in the last quarter. Finally, Spinnaker Trust lifted its holdings in shares of Nestlé by 1.3% during the second quarter. Spinnaker Trust now owns 73,786 shares of the company's stock valued at $7,531,000 after purchasing an additional 960 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.

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