Nestlé (OTCMKTS:NSRGY) Downgraded by BNP Paribas to Hold

Nestlé (OTCMKTS:NSRGY) was downgraded by equities research analysts at BNP Paribas from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price objective for the company. in a research note on Friday, April 4th. Finally, Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $91.00.

Nestlé Stock Down 0.5 %

Shares of NSRGY opened at $104.31 on Tuesday. Nestlé has a 12-month low of $80.11 and a 12-month high of $110.46. The firm has a fifty day moving average price of $98.53 and a 200-day moving average price of $91.81. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

Hedge Funds Weigh In On Nestlé

A number of large investors have recently made changes to their positions in NSRGY. Nisa Investment Advisors LLC purchased a new stake in Nestlé in the fourth quarter valued at about $386,000. Hantz Financial Services Inc. raised its position in shares of Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after purchasing an additional 10,523 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in Nestlé in the 4th quarter worth approximately $33,000. Raelipskie Partnership grew its position in Nestlé by 6.1% during the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company’s stock worth $1,407,000 after purchasing an additional 990 shares during the last quarter. Finally, Mengis Capital Management Inc. increased its stake in Nestlé by 51.0% during the 4th 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 in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

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.