Nestlé (OTCMKTS:NSRGY) Lowered to "Sector Perform" Rating by Royal Bank of Canada

Nestlé (OTCMKTS:NSRGY - Get Free Report) was downgraded by equities research analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research note issued on Friday, Marketbeat Ratings reports.

A number of other equities research analysts have also weighed in on the company. BNP Paribas upgraded Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report 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. Morgan Stanley raised shares of Nestlé from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group cut shares of Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".

Nestlé Trading Up 0.0 %

Shares of OTCMKTS:NSRGY traded up $0.04 during midday trading on Friday, hitting $103.55. 3,217,523 shares of the stock traded hands, compared to its average volume of 973,479. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. The business's 50 day moving average is $91.70 and its two-hundred day moving average is $91.68. Nestlé has a one year low of $80.11 and a one year high of $110.46.

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Institutional Investors Weigh In On Nestlé

A number of hedge funds and other institutional investors have recently bought and sold shares of NSRGY. Ameriflex Group Inc. bought a new stake in shares of Nestlé in the 4th quarter worth approximately $26,000. North Star Asset Management Inc. raised its stake in Nestlé by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company's stock valued at $444,000 after buying an additional 229 shares during the last quarter. Studio Investment Management LLC boosted its holdings in Nestlé by 2.9% in the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock worth $326,000 after acquiring an additional 112 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Nestlé during the fourth quarter valued at $822,000. Finally, Elefante Mark B bought a new position in shares of Nestlé during the fourth quarter valued at $1,527,000. Hedge funds and other institutional investors 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.