Nestlé (OTCMKTS:NSRGY) Sets New 12-Month Low at $102.87

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $102.87 and last traded at $103.03, with a volume of 693280 shares traded. The stock had previously closed at $105.10.

Analyst Ratings Changes

NSRGY has been the subject of several recent analyst reports. BNP Paribas lowered Nestlé from a "neutral" rating to an "underperform" rating in a research report on Tuesday, January 9th. Royal Bank of Canada upgraded Nestlé from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, February 27th. Finally, Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $153.00.

Nestlé Stock Down 1.0 %

The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. The business's 50 day moving average is $108.17 and its 200 day moving average is $111.25.

Hedge Funds Weigh In On Nestlé

A number of large investors have recently made changes to their positions in NSRGY. Confluence Investment Management LLC acquired a new position in shares of Nestlé in the 1st quarter valued at $111,100,000. Fisher Asset Management LLC increased its position in shares of Nestlé by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 5,687,758 shares of the company's stock valued at $658,960,000 after acquiring an additional 178,692 shares during the period. Kornitzer Capital Management Inc. KS increased its position in shares of Nestlé by 198.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company's stock valued at $9,636,000 after acquiring an additional 55,298 shares during the period. Comerica Bank acquired a new position in shares of Nestlé in the 2nd quarter valued at $41,950,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of Nestlé in the 3rd quarter valued at $3,572,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé 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.