NESTLE S A/S (OTCMKTS:NSRGY) Receives Consensus Rating of “Hold” from Analysts

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NESTLE S A/S (OTCMKTS:NSRGY) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $100.00.

Several equities analysts recently issued reports on the company. Deutsche Bank cut NESTLE S A/S from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. ValuEngine cut NESTLE S A/S from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded NESTLE S A/S from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada cut NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, September 25th. Finally, HSBC assumed coverage on NESTLE S A/S in a research report on Thursday, June 27th. They issued a “hold” rating on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSRGY. Parametric Portfolio Associates LLC increased its position in NESTLE S A/S by 7.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,750,826 shares of the company’s stock worth $284,435,000 after purchasing an additional 187,831 shares during the period. Fisher Asset Management LLC increased its position in NESTLE S A/S by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 3,537,918 shares of the company’s stock worth $366,710,000 after purchasing an additional 128,049 shares during the period. Schafer Cullen Capital Management Inc increased its position in NESTLE S A/S by 10.6% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 740,001 shares of the company’s stock worth $76,094,000 after purchasing an additional 70,691 shares during the period. Osborn Williams & Donohoe LLC acquired a new position in NESTLE S A/S during the 2nd quarter worth approximately $3,404,000. Finally, Bowen Hanes & Co. Inc. increased its position in NESTLE S A/S by 5.5% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 430,220 shares of the company’s stock worth $44,485,000 after purchasing an additional 22,485 shares during the period. Institutional investors own 1.32% of the company’s stock.

NSRGY stock traded down $0.52 during trading on Friday, hitting $104.59. The company had a trading volume of 3,273,330 shares, compared to its average volume of 447,466. The firm has a market cap of $321.64 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. NESTLE S A/S has a 1-year low of $78.62 and a 1-year high of $114.87. The firm has a 50-day moving average price of $108.85 and a 200-day moving average price of $103.38.

About NESTLE S A/S

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Analyst Recommendations for NESTLE S A/S (OTCMKTS:NSRGY)

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