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

Nestlé S.A. (OTCMKTS:NSRGY) has been given a consensus rating of “Reduce” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company.

NSRGY has been the subject of a number of analyst reports. Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. cut Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Finally, Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Altrius Capital Management Inc grew its position in shares of Nestlé by 11.9% during the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after buying an additional 7,200 shares during the period. Studio Investment Management LLC increased its stake in Nestlé by 5.1% during the 2nd quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after purchasing an additional 180 shares in the last quarter. Vaughan David Investments LLC IL increased its stake in Nestlé by 12.4% during the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after purchasing an additional 300 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Nestlé by 0.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after purchasing an additional 113 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Nestlé by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock worth $6,516,000 after purchasing an additional 3,909 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Stock Down 0.8 %

Shares of NSRGY stock opened at $102.01 on Tuesday. Nestlé has a one year low of $99.02 and a one year high of $122.22. The stock has a fifty day moving average price of $104.31 and a 200 day moving average price of $105.32. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

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.