Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts have issued reports on NSRGY shares. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th.

Hedge Funds Weigh In On Nestlé

Several institutional investors have recently bought and sold shares of the business. Douglass Winthrop Advisors LLC raised its holdings in shares of Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after purchasing an additional 55,367 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Nestlé by 4.1% during the third quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock valued at $9,792,000 after purchasing an additional 3,787 shares during the last quarter. Altrius Capital Management Inc increased its holdings in shares of Nestlé by 2.4% in the third quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Nestlé by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock worth $6,516,000 after purchasing an additional 3,909 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

Nestlé Stock Up 0.8 %

Nestlé stock opened at $82.51 on Friday. The business has a 50 day moving average price of $85.99 and a two-hundred day moving average price of $96.36. Nestlé has a 12 month low of $80.84 and a 12 month high of $117.13.

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.