Jefferies Financial Group Downgrades Nestlé (OTCMKTS:NSRGY) to Underperform

Nestlé (OTCMKTS:NSRGY) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Nestlé has a consensus rating of “Hold”.

Nestlé Trading Up 0.8 %

Shares of OTCMKTS NSRGY opened at $82.51 on Wednesday. Nestlé has a 1 year low of $80.84 and a 1 year high of $117.13. The company’s 50-day moving average is $85.99 and its 200 day moving average is $96.36.

Hedge Funds Weigh In On Nestlé

Institutional investors have recently bought and sold shares of the stock. Douglas Lane & Associates LLC lifted its holdings in shares of Nestlé by 6.4% in the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after acquiring an additional 55,367 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in shares of 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 acquiring an additional 24,826 shares during the last quarter. Mengis Capital Management Inc. lifted its holdings in shares of Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after acquiring an additional 16,671 shares during the last quarter. Altrius Capital Management Inc lifted its holdings in Nestlé by 11.9% during the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock valued at $6,936,000 after buying an additional 7,200 shares in the last quarter. Finally, Saybrook Capital NC boosted its position in Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after buying an additional 6,742 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.