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

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

Separately, JPMorgan Chase & Co. lowered Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd.

Nestlé Stock Up 0.6 %

Shares of OTCMKTS NSRGY opened at $104.17 on Friday. The stock has a fifty day simple moving average of $104.53 and a two-hundred day simple moving average of $107.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé has a 1-year low of $99.04 and a 1-year high of $125.41.

Institutional Investors Weigh In On Nestlé

Hedge funds have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. purchased a new stake in Nestlé in the 4th quarter worth approximately $69,000. First Horizon Advisors Inc. raised its stake in Nestlé by 22.4% during the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after buying an additional 114 shares during the last quarter. Vestor Capital LLC raised its holdings in Nestlé by 242.9% in the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after buying an additional 945 shares during the last quarter. Wesbanco Bank Inc. bought a new position in shares of Nestlé during the first quarter valued at $220,000. Finally, Accent Capital Management LLC bought a new stake in shares of Nestlé in the fourth quarter worth approximately $241,000. 0.61% of the stock is currently 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.