Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have issued reports on NSRGY. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th.

Hedge Funds Weigh In On Nestlé

A number of institutional investors have recently modified their holdings of the company. North Star Asset Management Inc. raised its position in shares of Nestlé by 4.4% in the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after buying an additional 229 shares during the last quarter. Studio Investment Management LLC grew its holdings in Nestlé by 2.9% in the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock valued at $326,000 after purchasing an additional 112 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in Nestlé in the fourth quarter valued at approximately $822,000. Elefante Mark B purchased a new stake in Nestlé in the fourth quarter valued at approximately $1,527,000. Finally, Ancora Advisors LLC grew its holdings in Nestlé by 0.3% in the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock valued at $6,102,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY opened at $95.08 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The firm has a 50-day moving average price of $84.41 and a 200 day moving average price of $92.39. Nestlé has a 52 week low of $80.11 and a 52 week high of $110.46.

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.