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

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

A number of other analysts have also issued reports on NSRGY. Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. BNP Paribas raised shares of 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. Finally, Morgan Stanley upgraded shares of Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. One investment 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. Based on data from MarketBeat.com, Nestlé currently has an average rating of "Hold".

Nestlé Stock Performance

Shares of Nestlé stock traded down $0.77 during trading hours on Friday, reaching $100.70. 322,361 shares of the company's stock were exchanged, compared to its average volume of 951,005. Nestlé has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a fifty day moving average of $92.49 and a 200-day moving average of $91.63. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new stake in shares of Nestlé in the fourth quarter worth $26,000. Brooklyn Investment Group purchased a new stake in Nestlé during the 3rd quarter worth $36,000. Thompson Investment Management Inc. acquired a new stake in Nestlé in the 4th quarter valued at $33,000. Flagship Wealth Advisors LLC purchased a new position in Nestlé in the fourth quarter valued at about $33,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Nestlé during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

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.