Nestle (OTCMKTS:NSRGY) Sees Unusually-High Trading Volume - What's Next?

Shares of Nestle SA (OTCMKTS:NSRGY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,835,990 shares were traded 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.

Analyst Ratings Changes

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

Nestle Trading Up 0.7%

The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. The business has a fifty day moving average price of $105.22 and a 200 day moving average price of $95.51.

Hedge Funds Weigh In On Nestle

Several large investors have recently added to or reduced their stakes in the business. Mengis Capital Management Inc. raised its position in Nestle by 51.0% in the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock valued at $2,732,000 after purchasing an additional 11,295 shares during the period. Altrius Capital Management Inc grew its position in shares of Nestle by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after acquiring an additional 9,381 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Nestle during the fourth quarter valued at $906,000. Kohmann Bosshard Financial Services LLC acquired a new position in Nestle during the 4th quarter valued at about $45,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Nestle in the 4th quarter valued at approximately $1,932,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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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