Nestlé (OTCMKTS:NSRGY) Hits New 1-Year Low – Should You Sell?

Nestlé S.A. (OTCMKTS:NSRGY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $81.18 and last traded at $82.35, with a volume of 683076 shares trading hands. The stock had previously closed at $82.30.

Analysts Set New Price Targets

Several research firms recently weighed in on NSRGY. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nestlé Stock Up 0.1 %

The company’s fifty day simple moving average is $89.45 and its 200-day simple moving average is $98.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group bought a new stake in shares of Nestlé in the 3rd quarter valued at approximately $36,000. First Horizon Advisors Inc. boosted its stake in Nestlé by 251.9% in the 3rd 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. Front Row Advisors LLC grew its position in Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after acquiring an additional 1,888 shares during the period. Lee Danner & Bass Inc. acquired a new position in Nestlé during the second quarter worth $262,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Nestlé during the second quarter valued at $275,000. Institutional investors and hedge funds 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.