Nestlé (OTCMKTS:NSRGY) Downgraded by UBS Group

UBS Group lowered shares of Nestlé (OTCMKTS:NSRGY) from a buy rating to a neutral rating in a research report report published on Friday morning, MarketBeat.com reports.

Separately, JPMorgan Chase & Co. downgraded shares of Nestlé from an overweight rating to a neutral rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold.

Nestlé Stock Performance

NSRGY stock opened at $99.64 on Friday. Nestlé has a 12 month low of $99.02 and a 12 month high of $125.41. The firm’s 50-day moving average is $104.61 and its 200 day moving average is $106.15. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NSRGY. Pacer Advisors Inc. increased its position in Nestlé by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock valued at $2,861,000 after purchasing an additional 190 shares during the period. Sky Investment Group LLC increased its position in Nestlé by 1.4% during the 4th quarter. Sky Investment Group LLC now owns 82,999 shares of the company’s stock valued at $9,597,000 after purchasing an additional 1,114 shares during the period. Beddow Capital Management Inc. increased its position in Nestlé by 0.5% during the 4th quarter. Beddow Capital Management Inc. now owns 52,170 shares of the company’s stock valued at $6,032,000 after purchasing an additional 250 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of Nestlé by 1.6% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 22,875 shares of the company’s stock valued at $2,650,000 after buying an additional 365 shares in the last quarter. Finally, Cullen Investment Group LTD. bought a new stake in shares of Nestlé in the 4th quarter valued at about $1,074,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé 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.