Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Update

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 52,800 shares, a drop of 69.4% from the January 31st total of 172,600 shares. Based on an average daily volume of 1,273,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

NSRGY has been the topic of several research analyst reports. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Nestlé

A number of institutional investors have recently modified their holdings of NSRGY. Chartwell Investment Partners LLC raised its holdings in shares of Nestlé by 7.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 49,222 shares of the company’s stock valued at $4,958,000 after purchasing an additional 3,271 shares in the last quarter. Mengis Capital Management Inc. grew its position in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after purchasing an additional 16,671 shares during the last quarter. Altrius Capital Management Inc boosted its position in shares of Nestlé by 2.4% during the 3rd quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after acquiring an additional 1,603 shares in the last quarter. Beddow Capital Management Inc. boosted its position in shares of Nestlé by 4.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company’s stock valued at $6,151,000 after acquiring an additional 2,590 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Trading Down 0.1 %

Nestlé stock traded down $0.06 during midday trading on Friday, reaching $96.50. The stock had a trading volume of 450,128 shares, compared to its average volume of 930,706. The firm’s fifty day simple moving average is $85.92 and its two-hundred day simple moving average is $92.22. Nestlé has a twelve month low of $80.11 and a twelve month high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

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.