Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) have received an average rating of "Hold" from the eleven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company.

NSRGY has been the subject of several recent research reports. Jefferies Financial Group downgraded Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. BNP Paribas upgraded shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research report on Tuesday, December 17th. Royal Bank of Canada raised shares of Nestlé from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 18th. Finally, Morgan Stanley upgraded shares of Nestlé from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 27th.

Nestlé Trading Up 0.9 %

NSRGY stock traded up $0.74 during mid-day trading on Tuesday, reaching $86.57. 629,537 shares of the company traded hands, compared to its average volume of 1,112,960. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The firm's 50 day moving average price is $83.47 and its 200 day moving average price is $94.02. Nestlé has a fifty-two week low of $80.11 and a fifty-two week high of $115.91.

Hedge Funds Weigh In On Nestlé

Institutional investors and hedge funds have recently bought and sold shares of the company. Canopy Partners LLC lifted its position in shares of Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company's stock valued at $501,000 after buying an additional 147 shares during the last quarter. Studio Investment Management LLC lifted its holdings in Nestlé by 5.4% during the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company's stock valued at $390,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group bought a new position in Nestlé during the third quarter worth about $36,000. Thompson Investment Management Inc. purchased a new position in shares of Nestlé in the fourth quarter worth about $33,000. Finally, GAMMA Investing LLC raised its position in shares of Nestlé by 28.1% in the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company's stock valued at $320,000 after purchasing an additional 698 shares during the period. 0.61% of the stock is owned by 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.