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

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given a consensus recommendation of “Reduce” by the ten analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company.

Several research firms recently commented on NSRGY. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $99.18 on Friday. Nestlé has a 52 week low of $96.36 and a 52 week high of $117.55. The company has a fifty day simple moving average of $101.75 and a two-hundred day simple moving average of $103.01.

Institutional Investors Weigh In On Nestlé

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 1620 Investment Advisors Inc. purchased a new position in shares of Nestlé during the second quarter worth about $134,000. Front Row Advisors LLC grew its stake in Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after buying an additional 1,888 shares during the last quarter. GAMMA Investing LLC increased its position in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after buying an additional 949 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Nestlé in the second quarter valued at approximately $262,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Nestlé in the second quarter valued at approximately $265,000. Institutional investors and hedge funds 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.