Nestlé S.A. (OTCMKTS:NSRGY) Given Average Recommendation of "Hold" by Brokerages

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

Several equities analysts have commented on the company. Morgan Stanley raised Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. Citigroup cut Nestlé from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. 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 reaffirmed an "equal weight" rating on shares of Nestlé in a report on Monday, September 9th. Finally, The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th.

Hedge Funds Weigh In On Nestlé

Several large investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in Nestlé in the third quarter valued at about $36,000. First Horizon Advisors Inc. grew its holdings in Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock valued at $130,000 after purchasing an additional 922 shares during the period. Front Row Advisors LLC increased its stake in Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company's stock valued at $239,000 after purchasing an additional 1,888 shares in the last quarter. Vaughan David Investments LLC IL raised its holdings in Nestlé by 12.4% in the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company's stock worth $279,000 after purchasing an additional 300 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Nestlé by 28.1% during the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company's stock worth $320,000 after purchasing an additional 698 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Price Performance

Shares of OTCMKTS NSRGY traded up $0.13 during trading hours on Friday, hitting $82.02. 775,544 shares of the company's stock were exchanged, compared to its average volume of 787,822. The company's 50-day moving average price is $86.87 and its 200-day moving average price is $97.01. Nestlé has a 1-year low of $81.18 and a 1-year high of $117.13.

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.