Nestlé (OTCMKTS:NSRGY) Downgraded to Underweight at Morgan Stanley

Nestlé (OTCMKTS:NSRGY) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Monday, Briefing.com reports.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. downgraded Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Nestlé currently has a consensus rating of “Hold”.

Nestlé Stock Performance

NSRGY stock opened at $103.13 on Monday. Nestlé has a fifty-two week low of $99.02 and a fifty-two week high of $119.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The business has a 50 day moving average price of $103.79 and a 200 day moving average price of $104.19.

Institutional Trading of Nestlé

Hedge funds have recently added to or reduced their stakes in the stock. Douglass Winthrop Advisors LLC increased its position in Nestlé by 0.5% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock worth $110,087,000 after purchasing an additional 4,923 shares during the period. 3Chopt Investment Partners LLC acquired a new position in Nestlé during the fourth quarter worth $483,000. Partners Capital Investment Group LLP lifted its holdings in Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after acquiring an additional 115 shares during the period. Pinnacle West Asset Management Inc. boosted its position in shares of Nestlé by 4.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after purchasing an additional 130 shares in the last quarter. Finally, Delaney Dennis R grew its stake in shares of Nestlé by 0.9% during the 4th quarter. Delaney Dennis R now owns 50,477 shares of the company’s stock worth $5,848,000 after purchasing an additional 429 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.

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.