Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Rating of "Hold" from Brokerages

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) has received an average rating of "Hold" from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating on the company.

Several analysts have commented on the company. Citigroup lowered Nestlé from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Morgan Stanley raised shares of Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. Barclays reiterated an "equal weight" rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Royal Bank of Canada upgraded shares of Nestlé from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 18th.

Nestlé Stock Down 0.3 %

NSRGY stock traded down $0.27 during trading on Monday, hitting $85.80. 956,610 shares of the company traded hands, compared to its average volume of 815,499. Nestlé has a 1 year low of $85.01 and a 1 year high of $117.55. The stock's 50-day simple moving average is $92.79 and its 200 day simple moving average is $99.91.

Hedge Funds Weigh In On Nestlé

Several hedge funds have recently bought and sold shares of NSRGY. Mengis Capital Management Inc. boosted its holdings in Nestlé by 304.3% in the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock valued at $2,230,000 after purchasing an additional 16,671 shares during the period. Douglass Winthrop Advisors LLC raised its position 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 worth $104,417,000 after acquiring an additional 24,826 shares in the last quarter. ORG Partners LLC lifted its position in shares of Nestlé by 225.7% during the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company's stock worth $876,000 after buying an additional 6,032 shares during the last quarter. Saybrook Capital NC lifted its position in Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock valued at $6,383,000 after acquiring an additional 6,742 shares during the last quarter. Finally, Wedgewood Investors Inc. PA acquired a new stake in shares of Nestlé in the 2nd quarter valued at about $277,000. Institutional investors and hedge funds 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.