Nestle SA (OTCMKTS:NSRGY) Given Average Rating of “Hold” by Analysts

Shares of Nestle SA (OTCMKTS:NSRGY) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $91.00.

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research report on Monday, October 6th. Berenberg Bank raised Nestle from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group upgraded Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st.

Hedge Funds Weigh In On Nestle

A number of hedge funds have recently bought and sold shares of the company. Boston Common Asset Management LLC purchased a new stake in shares of Nestle in the third quarter valued at about $4,259,000. Douglas Lane & Associates LLC grew its position in Nestle by 5.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company’s stock worth $84,889,000 after purchasing an additional 44,185 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in Nestle by 2.4% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company’s stock valued at $102,296,000 after buying an additional 23,692 shares during the last quarter. Azimuth Capital Investment Management LLC increased its stake in Nestle by 79.7% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 47,430 shares of the company’s stock valued at $4,789,000 after buying an additional 21,036 shares during the last quarter. Finally, Diversified Trust Co lifted its position in shares of Nestle by 281.9% during the 3rd quarter. Diversified Trust Co now owns 13,234 shares of the company’s stock worth $1,215,000 after buying an additional 9,769 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestle Price Performance

Nestle stock opened at $95.52 on Monday. The firm’s fifty day moving average price is $94.46 and its two-hundred day moving average price is $97.94. Nestle has a 1-year low of $80.11 and a 1-year high of $109.31. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Nestle 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.