Nestle (OTCMKTS:NSRGY) Sees Unusually-High Trading Volume - Here's Why

Nestle SA (OTCMKTS:NSRGY - Get Free Report) shares saw strong trading volume on Wednesday . 1,835,990 shares traded hands during trading, an increase of 154% from the previous session's volume of 722,041 shares.The stock last traded at $101.90 and had previously closed at $101.25.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank Of Canada downgraded shares of Nestle from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. Morgan Stanley lowered shares of Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective on the stock. in a research note on Friday, April 4th. Finally, BNP Paribas lowered shares of Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Nestle currently has an average rating of "Hold" and a consensus target price of $91.00.

Nestle Stock Performance

The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. The business's 50-day moving average is $105.09 and its two-hundred day moving average is $95.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Core Alternative Capital bought a new position in shares of Nestle during the first quarter valued at about $29,000. Ameriflex Group Inc. bought a new position in shares of Nestle during the fourth quarter valued at about $26,000. Flagship Wealth Advisors LLC bought a new position in shares of Nestle during the fourth quarter valued at about $33,000. First Horizon Advisors Inc. lifted its position in shares of Nestle by 232.8% during the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after purchasing an additional 312 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Nestle during the fourth quarter worth about $45,000. 0.61% of the stock is owned by institutional investors.

About Nestle

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.