Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Recommendation of "Reduce" by Analysts

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) has been given a consensus recommendation of "Reduce" by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company.

NSRGY has been the subject of a number of research analyst reports. Berenberg Bank cut shares of Nestlé from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. Citigroup downgraded shares of Nestlé from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Barclays reiterated an "equal weight" rating on shares of Nestlé in a research note on Monday, September 9th. UBS Group downgraded shares of Nestlé from a "buy" rating to a "neutral" rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada raised Nestlé from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 18th.

Institutional Investors Weigh In On Nestlé

Several institutional investors have recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC grew its stake in Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock worth $104,417,000 after buying an additional 24,826 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Nestlé by 6.4% during 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 during the period. Hantz Financial Services Inc. boosted its position in shares of Nestlé by 4.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company's stock worth $9,792,000 after acquiring an additional 3,787 shares in the last quarter. Ramsay Stattman Vela & Price Inc. increased its stake in Nestlé by 2.0% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company's stock valued at $9,481,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Puzo Michael J raised its position in Nestlé by 5.6% during the first quarter. Puzo Michael J now owns 87,980 shares of the company's stock valued at $9,343,000 after purchasing an additional 4,679 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Nestlé Stock Performance

Shares of NSRGY traded up $0.26 during mid-day trading on Thursday, reaching $87.91. The company's stock had a trading volume of 1,124,716 shares, compared to its average volume of 787,379. Nestlé has a 1-year low of $87.22 and a 1-year high of $117.55. The business has a 50-day simple moving average of $97.97 and a two-hundred day simple moving average of $101.93.

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.