Nestlé S.A. (OTCMKTS:NSRGY) Given Average Recommendation of “Reduce” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have received an average recommendation of “Reduce” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company.

Several equities research analysts have recently commented on NSRGY shares. Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays reiterated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th.

Nestlé Price Performance

Shares of NSRGY opened at $87.16 on Thursday. Nestlé has a 52-week low of $87.07 and a 52-week high of $117.55. The business’s 50 day moving average price is $97.30 and its two-hundred day moving average price is $101.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in Nestlé during the 2nd quarter worth about $9,577,000. Douglas Lane & Associates LLC lifted its holdings in Nestlé by 9.9% during the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after purchasing an additional 77,885 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Rodgers Brothers Inc. lifted its holdings in Nestlé by 225.4% during the 1st quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock worth $3,292,000 after purchasing an additional 21,450 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in Nestlé by 304.3% during the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after purchasing an additional 16,671 shares in the last quarter. 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.