Nestlé (OTCMKTS:NSRGY) Hits New 12-Month Low – Time to Sell?

Nestlé S.A. (OTCMKTS:NSRGY)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $81.18 and last traded at $82.35, with a volume of 683076 shares. The stock had previously closed at $82.30.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Finally, The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nestlé presently has an average rating of “Hold”.

Nestlé Price Performance

The company has a 50 day moving average price of $89.45 and a 200 day moving average price of $98.25.

Institutional Trading of Nestlé

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC grew its position in shares of Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after buying an additional 24,826 shares during the period. Douglas Lane & Associates LLC boosted its stake in Nestlé by 6.4% in the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after acquiring an additional 55,367 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Nestlé by 4.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock worth $9,792,000 after acquiring an additional 3,787 shares during the period. Ramsay Stattman Vela & Price Inc. raised its position in shares of Nestlé by 2.0% during the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock valued at $9,481,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Spinnaker Trust lifted its stake in shares of Nestlé by 1.3% in the 2nd quarter. Spinnaker Trust now owns 73,786 shares of the company’s stock valued at $7,531,000 after purchasing an additional 960 shares during the period. 0.61% of the stock is owned by 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.