Nestlé (OTCMKTS:NSRGY) Cut to Underperform at Jefferies Financial Group

Jefferies Financial Group lowered shares of Nestlé (OTCMKTS:NSRGY) from a hold rating to an underperform rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports.

A number of other analysts have also weighed in on NSRGY. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nestlé Stock Performance

NSRGY opened at $82.65 on Wednesday. Nestlé has a 52 week low of $80.84 and a 52 week high of $116.03. The stock’s fifty day moving average is $85.74 and its two-hundred day moving average is $96.26.

Institutional Trading of Nestlé

Institutional investors have recently made changes to their positions in the business. Canopy Partners LLC raised its stake in Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after acquiring an additional 147 shares during the last quarter. Studio Investment Management LLC increased its holdings in Nestlé by 5.1% in the 2nd quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after buying an additional 180 shares during the period. Vaughan David Investments LLC IL lifted its stake in Nestlé by 12.4% during the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after acquiring an additional 300 shares during the period. Cheviot Value Management LLC boosted its holdings in shares of Nestlé by 7.1% in the 2nd quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock valued at $488,000 after acquiring an additional 315 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Nestlé during the third quarter valued at $36,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.