Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Rating of “Hold” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have issued reports on NSRGY shares. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th.

Nestlé Stock Performance

Nestlé stock opened at $82.51 on Friday. 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 two-hundred day moving average is $96.36.

Institutional Investors Weigh In On Nestlé

Large investors have recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of Nestlé in the 3rd quarter valued at approximately $36,000. First Horizon Advisors Inc. boosted its holdings in shares of Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after buying an additional 922 shares during the period. Front Row Advisors LLC increased its position in shares of Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after acquiring an additional 1,888 shares in the last quarter. Vaughan David Investments LLC IL raised its holdings in shares of Nestlé by 12.4% during the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after acquiring an additional 300 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Nestlé by 28.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after purchasing an additional 698 shares during the period. 0.61% of the stock is currently 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.