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

Nestlé S.A. (OTCMKTS:NSRGY) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company.

Several equities analysts recently commented on NSRGY shares. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Nestlé

A number of large investors have recently added to or reduced their stakes in NSRGY. Thompson Investment Management Inc. bought a new stake in Nestlé in the fourth quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Nestlé in the third quarter worth $36,000. First Horizon Advisors Inc. raised its holdings in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after buying an additional 922 shares during the last quarter. GAMMA Investing LLC boosted its position in Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after buying an additional 698 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in Nestlé in the 3rd quarter worth $365,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Price Performance

Shares of OTCMKTS:NSRGY opened at $84.98 on Tuesday. Nestlé has a one year low of $80.11 and a one year high of $115.91. The firm has a fifty day moving average price of $83.46 and a two-hundred day moving average price of $93.89. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

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.