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

Nestlé S.A. (OTCMKTS:NSRGY) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th.

Hedge Funds Weigh In On Nestlé

A number of hedge funds and other institutional investors have recently bought and sold shares of NSRGY. Mengis Capital Management Inc. increased its stake in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares during the period. Saybrook Capital NC boosted its holdings 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 purchasing an additional 6,742 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after acquiring an additional 10,523 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Nestlé during the 4th quarter worth approximately $386,000. 0.61% of the stock is owned by institutional investors.

Nestlé Price Performance

OTCMKTS NSRGY opened at $95.08 on Friday. The company’s fifty day simple moving average is $84.41 and its 200-day simple moving average is $92.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé has a 52 week low of $80.11 and a 52 week high of $110.46.

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.