Nestle (OTCMKTS:NSRGY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Nestlé SA shares experienced a significant increase in trading volume, rising by 148% to 1,671,961 shares during mid-day trading.
• Jefferies Financial Group upgraded Nestlé's stock rating from "underperform" to "hold," while the current consensus rating remains at "Hold" with a price target of $91.00.
• Several hedge funds have either increased or initiated their positions in Nestlé, indicating growing institutional interest in the company.

Nestle SA (OTCMKTS:NSRGY - Get Free Report) shares saw an uptick in trading volume on Thursday . 1,671,961 shares traded hands during mid-day trading, an increase of 148% from the previous session's volume of 673,890 shares.The stock last traded at $88.60 and had previously closed at $89.26.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $91.00.

Nestle Stock Performance

The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. The business's 50 day simple moving average is $91.75 and its 200-day simple moving average is $99.04.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in Nestle during the 2nd quarter worth approximately $213,000. Benedict Financial Advisors Inc. grew its position in shares of Nestle by 1.5% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 22,767 shares of the company's stock worth $2,261,000 after buying an additional 334 shares during the period. North Star Asset Management Inc. grew its position in shares of Nestle by 27.4% during the 2nd quarter. North Star Asset Management Inc. now owns 7,874 shares of the company's stock worth $782,000 after buying an additional 1,695 shares during the period. Weik Capital Management grew its position in shares of Nestle by 0.3% during the 2nd quarter. Weik Capital Management now owns 51,889 shares of the company's stock worth $5,154,000 after buying an additional 160 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Nestle by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 63,529 shares of the company's stock worth $6,310,000 after buying an additional 465 shares during the period. Institutional investors own 0.61% of the company's stock.

Nestle 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.

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