Nestlé S.A. (OTCMKTS:NSRGY) Receives Average Rating of "Hold" from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) have earned a consensus rating of "Hold" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $91.00.

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

Institutional Investors Weigh In On Nestlé

Several hedge funds have recently modified their holdings of NSRGY. Accent Capital Management LLC bought a new position in Nestlé in the first quarter valued at about $227,000. PNC Financial Services Group Inc. increased its stake in shares of Nestlé by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,001 shares of the company's stock valued at $405,000 after buying an additional 577 shares during the period. Mengis Capital Management Inc. raised its holdings in Nestlé by 25.5% in the 1st quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company's stock valued at $4,246,000 after buying an additional 8,520 shares during the last quarter. North Star Asset Management Inc. raised its holdings in Nestlé by 13.8% in the 1st quarter. North Star Asset Management Inc. now owns 6,179 shares of the company's stock valued at $625,000 after buying an additional 750 shares during the last quarter. Finally, Canopy Partners LLC boosted its position in Nestlé by 6.3% during the 1st quarter. Canopy Partners LLC now owns 5,180 shares of the company's stock worth $524,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestlé Stock Performance

Nestlé stock traded down $3.40 during trading hours on Thursday, reaching $102.19. 361,886 shares of the stock were exchanged, compared to its average volume of 787,242. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé has a twelve month low of $80.11 and a twelve month high of $110.46. The stock has a 50 day moving average of $103.30 and a two-hundred day moving average of $92.76.

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.