Nestlé S.A. (OTCMKTS:NSRGY) Given Average Recommendation of “Reduce” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given a consensus recommendation of “Reduce” by the five brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $153.00.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th.

Institutional Investors Weigh In On Nestlé

Institutional investors and hedge funds have recently bought and sold shares of the company. Rodgers Brothers Inc. lifted its stake in Nestlé by 225.4% during the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock worth $3,292,000 after purchasing an additional 21,450 shares during the last quarter. Puzo Michael J raised its stake in Nestlé by 5.6% during the first quarter. Puzo Michael J now owns 87,980 shares of the company’s stock worth $9,343,000 after acquiring an additional 4,679 shares in the last quarter. Councilmark Asset Management LLC bought a new position in Nestlé in the 1st quarter valued at approximately $640,000. Henry James International Management Inc. lifted its stake in shares of Nestlé by 89.6% in the 1st quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock valued at $2,493,000 after acquiring an additional 11,093 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Nestlé by 15,617.6% during the first quarter. ORG Partners LLC now owns 2,672 shares of the company’s stock valued at $283,000 after purchasing an additional 2,655 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Nestlé Price Performance

NSRGY opened at $103.94 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. Nestlé has a 12-month low of $99.04 and a 12-month high of $125.41. The business has a 50 day moving average of $103.80 and a 200-day moving average of $109.02.

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.