Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Rating of "Hold" by Brokerages

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) has received an average recommendation of "Hold" from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $91.00.

Several equities research analysts recently commented on NSRGY shares. Royal Bank of Canada cut Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. BNP Paribas cut Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley cut Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 target price for the company. in a research note on Friday, April 4th.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY traded up $0.12 during midday trading on Monday, hitting $106.63. The company had a trading volume of 313,275 shares, compared to its average volume of 727,398. Nestlé has a twelve month low of $80.11 and a twelve month high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The business's 50-day simple moving average is $104.32 and its 200-day simple moving average is $94.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC boosted its holdings in Nestlé by 2.4% in the first quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company's stock valued at $102,296,000 after purchasing an additional 23,692 shares during the period. Douglas Lane & Associates LLC boosted its holdings in Nestlé by 11.4% in the first quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock valued at $99,294,000 after purchasing an additional 100,767 shares during the period. GAMMA Investing LLC boosted its holdings in Nestlé by 23,819.2% in the first quarter. GAMMA Investing LLC now owns 417,630 shares of the company's stock valued at $42,252,000 after purchasing an additional 415,884 shares during the period. Altrius Capital Management Inc boosted its holdings in Nestlé by 3.5% in the first quarter. Altrius Capital Management Inc now owns 81,440 shares of the company's stock valued at $8,239,000 after purchasing an additional 2,753 shares during the period. Finally, Saybrook Capital NC boosted its holdings in Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after purchasing an additional 12,340 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.