Nestlé S.A. (OTCMKTS:NSRGY) Receives Average Recommendation of “Reduce” from Analysts

Nestlé S.A. (OTCMKTS:NSRGY) has earned an average rating of “Reduce” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company.

A number of analysts have recently issued reports on NSRGY shares. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Morgan Stanley downgraded shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

Hedge Funds Weigh In On Nestlé

Several institutional investors have recently bought and sold shares of NSRGY. Brooklyn Investment Group acquired a new stake in shares of Nestlé in the third quarter worth $36,000. First Horizon Advisors Inc. lifted its position in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after acquiring an additional 922 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in Nestlé during the second quarter valued at about $134,000. Front Row Advisors LLC grew its position in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after purchasing an additional 1,888 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nestlé by 61.9% in the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after purchasing an additional 949 shares during the period. 0.61% of the stock is currently owned by institutional investors.

Nestlé Price Performance

OTCMKTS:NSRGY opened at $88.59 on Thursday. The business’s fifty day moving average price is $97.00 and its 200 day moving average price is $101.67. Nestlé has a 1-year low of $87.07 and a 1-year high of $117.55.

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.