Nestlé (OTCMKTS:NSRGY) Sets New 12-Month Low – Here’s Why

Nestlé S.A. (OTCMKTS:NSRGY) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $95.51 and last traded at $95.61, with a volume of 453580 shares traded. The stock had previously closed at $97.55.

Analyst Ratings Changes

Several analysts have issued reports on NSRGY shares. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Nestlé Stock Performance

The business’s 50-day moving average is $100.81 and its 200 day moving average is $102.68.

Hedge Funds Weigh In On Nestlé

A number of hedge funds have recently bought and sold shares of NSRGY. Hendley & Co. Inc. increased its position in Nestlé by 0.6% during the first quarter. Hendley & Co. Inc. now owns 44,612 shares of the company’s stock worth $4,738,000 after acquiring an additional 250 shares during the period. Hemenway Trust Co LLC grew its stake in Nestlé by 2.7% during the first quarter. Hemenway Trust Co LLC now owns 257,164 shares of the company’s stock worth $27,311,000 after buying an additional 6,670 shares in the last quarter. Broderick Brian C grew its stake in Nestlé by 4.6% during the first quarter. Broderick Brian C now owns 102,949 shares of the company’s stock worth $10,933,000 after buying an additional 4,520 shares in the last quarter. ORG Partners LLC grew its stake in Nestlé by 15,617.6% during the first quarter. ORG Partners LLC now owns 2,672 shares of the company’s stock worth $283,000 after buying an additional 2,655 shares in the last quarter. Finally, Henry James International Management Inc. grew its stake in Nestlé by 89.6% during the first quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock worth $2,493,000 after buying an additional 11,093 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

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.