Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company.

A number of research firms have recently issued reports on NSRGY. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Finally, Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

Nestlé Stock Down 0.2 %

Shares of OTCMKTS:NSRGY opened at $100.47 on Wednesday. The business’s 50-day simple moving average is $102.73 and its 200 day simple moving average is $103.69. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. Nestlé has a one year low of $96.36 and a one year high of $117.55.

Hedge Funds Weigh In On Nestlé

Several institutional investors have recently made changes to their positions in NSRGY. 3Chopt Investment Partners LLC acquired a new position in Nestlé during the 2nd quarter valued at approximately $372,000. Front Row Advisors LLC boosted its holdings in shares of Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after acquiring an additional 1,888 shares during the period. Cheviot Value Management LLC grew its position in shares of Nestlé by 7.1% during the second quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock worth $488,000 after acquiring an additional 315 shares during the last quarter. Beddow Capital Management Inc. increased its holdings in shares of Nestlé by 6.4% in the 2nd quarter. Beddow Capital Management Inc. now owns 58,510 shares of the company’s stock worth $5,994,000 after acquiring an additional 3,495 shares during the period. Finally, Altrius Capital Management Inc lifted its position in Nestlé by 11.9% in the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock valued at $6,936,000 after purchasing an additional 7,200 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

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.