Nestlé (OTCMKTS:NSRGY) Hits New 1-Year Low – What’s Next?

Nestlé S.A. (OTCMKTS:NSRGY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $93.39 and last traded at $93.39, with a volume of 2169925 shares trading hands. The stock had previously closed at $94.57.

Analyst Ratings Changes

NSRGY has been the subject of a number of recent research reports. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Barclays reiterated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Nestlé currently has an average rating of “Hold”.

Nestlé Stock Down 0.1 %

The company has a 50 day simple moving average of $99.71 and a two-hundred day simple moving average of $102.39.

Institutional Trading of Nestlé

Several hedge funds have recently modified their holdings of the company. Altrius Capital Management Inc raised its holdings 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 worth $6,977,000 after acquiring an additional 1,603 shares in the last quarter. Mengis Capital Management Inc. raised its holdings in shares of Nestlé by 304.3% during the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after acquiring an additional 16,671 shares in the last quarter. 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 worth $4,958,000 after acquiring an additional 3,271 shares in the last quarter. Saybrook Capital NC raised its holdings in shares of Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after acquiring an additional 6,742 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Nestlé during the 3rd quarter worth approximately $365,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

About Nestlé

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.