Nestle (OTCMKTS:NSRGY) Shares Pass Below 50 Day Moving Average – Should You Sell?

Nestle SA (OTCMKTS:NSRGY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $98.48 and traded as low as $97.56. Nestle shares last traded at $97.81, with a volume of 416,349 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NSRGY shares. Berenberg Bank raised Nestle from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $91.00.

Nestle Stock Up 0.2%

The stock has a fifty day moving average price of $98.48 and a 200-day moving average price of $96.59. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Institutional Trading of Nestle

A number of hedge funds have recently made changes to their positions in the stock. Verity Asset Management Inc. grew its position in Nestle by 41.7% during the third quarter. Verity Asset Management Inc. now owns 6,725 shares of the company’s stock valued at $617,000 after purchasing an additional 1,978 shares in the last quarter. Resources Management Corp CT ADV grew its holdings in shares of Nestle by 2,727.9% during the 3rd quarter. Resources Management Corp CT ADV now owns 65,042 shares of the company’s stock valued at $5,969,000 after acquiring an additional 62,742 shares in the last quarter. Douglass Winthrop Advisors LLC raised its holdings in shares of Nestle by 0.3% during the third quarter. Douglass Winthrop Advisors LLC now owns 978,777 shares of the company’s stock worth $89,822,000 after acquiring an additional 3,167 shares in the last quarter. Ramirez Asset Management Inc. boosted its position in Nestle by 88.8% during the third quarter. Ramirez Asset Management Inc. now owns 57,151 shares of the company’s stock valued at $5,249,000 after purchasing an additional 26,888 shares during the last quarter. Finally, Beddow Capital Management Inc. increased its position in Nestle by 6.6% in the 3rd quarter. Beddow Capital Management Inc. now owns 73,734 shares of the company’s stock worth $6,767,000 after purchasing an additional 4,544 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestle 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.