Nestlé S.A. (OTCMKTS:NSRGY) Receives Average Recommendation of “Hold” from Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company.

A number of research firms recently weighed in on NSRGY. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th.

Nestlé Trading Up 0.3 %

Shares of Nestlé stock opened at $84.28 on Monday. The firm has a 50-day simple moving average of $92.16 and a two-hundred day simple moving average of $99.68. Nestlé has a fifty-two week low of $84.00 and a fifty-two week high of $117.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group purchased a new stake in Nestlé during the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. grew its position in shares of Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after purchasing an additional 922 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Nestlé in the second quarter valued at approximately $134,000. Front Row Advisors LLC lifted its position in Nestlé by 421.4% during the second 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 in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Nestlé during the second quarter worth $262,000. 0.61% of the stock is owned by institutional investors and hedge funds.

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.