Nestlé (OTCMKTS:NSRGY) Stock Rating Lowered by Citigroup

Nestlé (OTCMKTS:NSRGY) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat reports.

A number of other equities analysts have also recently commented on NSRGY. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Barclays restated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nestlé Stock Performance

NSRGY opened at $98.10 on Thursday. Nestlé has a twelve month low of $96.36 and a twelve month high of $117.55. The company has a 50-day moving average price of $102.58 and a 200 day moving average price of $103.57. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Investors Weigh In On Nestlé

Several institutional investors and hedge funds have recently modified their holdings of NSRGY. Confluence Investment Management LLC acquired a new position in shares of Nestlé in the first quarter valued at approximately $111,100,000. Hantz Financial Services Inc. purchased a new position in Nestlé in the 2nd quarter valued at approximately $9,577,000. Douglas Lane & Associates LLC grew its stake in shares of Nestlé by 9.9% in the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after acquiring an additional 77,885 shares in the last quarter. Rodgers Brothers Inc. increased its position in shares of Nestlé by 225.4% during the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock worth $3,292,000 after acquiring an additional 21,450 shares during the period. Finally, Henry James International Management Inc. raised its stake in shares of Nestlé by 89.6% in the first quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock valued at $2,493,000 after acquiring an additional 11,093 shares in the last quarter. 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.