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

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts recently commented on the company. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Finally, Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd.

Nestlé Stock Up 0.2 %

NSRGY opened at $82.65 on Friday. The firm’s 50-day simple moving average is $85.50 and its 200-day simple moving average is $96.17. Nestlé has a twelve month low of $80.84 and a twelve month high of $116.03.

Hedge Funds Weigh In On Nestlé

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its stake in Nestlé by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock valued at $9,792,000 after acquiring an additional 3,787 shares during the period. Brooklyn Investment Group acquired a new position in shares of Nestlé in the third quarter valued at approximately $36,000. Douglass Winthrop Advisors LLC boosted its stake in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares during the period. Canopy Partners LLC increased its holdings in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares in the last quarter. Finally, Studio Investment Management LLC raised its stake in shares of Nestlé by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after purchasing an additional 200 shares during the period. 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.