Nestlé (OTCMKTS:NSRGY) Sets New 12-Month Low - Time to Sell?

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $80.84 and last traded at $81.86, with a volume of 1570981 shares changing hands. The stock had previously closed at $82.02.

Analysts Set New Price Targets

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

Nestlé Trading Down 0.2 %

The company has a 50-day moving average of $86.25 and a 200-day moving average of $96.52.

Hedge Funds Weigh In On Nestlé

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mengis Capital Management Inc. lifted its position in shares of Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock worth $2,230,000 after purchasing an additional 16,671 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock valued at $104,417,000 after buying an additional 24,826 shares during the period. ORG Partners LLC boosted its position in Nestlé by 225.7% during the third quarter. ORG Partners LLC now owns 8,704 shares of the company's stock valued at $876,000 after acquiring an additional 6,032 shares during the last quarter. Saybrook Capital NC raised its position in shares of Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock worth $6,383,000 after acquiring an additional 6,742 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its stake 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 valued at $92,299,000 after purchasing an additional 55,367 shares during the period. 0.61% of the stock is 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.