Nestle (NSRGY) to Announce Quarterly Earnings on Thursday

Nestle (OTCMKTS:NSRGY) will likely be posting its resultson Thursday, July 23rd. Analysts expect Nestle to announce earnings of $2.54 per share and revenue of $27.52 billion for the quarter.

Nestle Stock Down 1.7%

Shares of NSRGY stock opened at $103.73 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40. Nestle has a fifty-two week low of $86.98 and a fifty-two week high of $109.59. The firm’s 50 day moving average price is $101.07 and its two-hundred day moving average price is $99.97.

Analyst Ratings Changes

Several research firms have recently issued reports on NSRGY. Royal Bank Of Canada reissued a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. Morgan Stanley restated an “underweight” rating on shares of Nestle in a report on Thursday, July 2nd. Erste Group Bank upgraded Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group raised Nestle from a “hold” rating to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Nestle currently has an average rating of “Hold”.

Hedge Funds Weigh In On Nestle

Institutional investors and hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC increased its stake in shares of Nestle by 9.0% in the fourth quarter. IHT Wealth Management LLC now owns 2,836 shares of the company’s stock worth $280,000 after buying an additional 235 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in Nestle by 219.6% during the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company’s stock valued at $710,000 after acquiring an additional 4,942 shares during the last quarter. Sfam LLC acquired a new position in Nestle during the 4th quarter worth $74,000. Vaughan David Investments LLC IL bought a new stake in shares of Nestle in the 4th quarter worth about $207,000. Finally, Verity Asset Management Inc. raised its stake in shares of Nestle by 41.7% in the 3rd quarter. Verity Asset Management Inc. now owns 6,725 shares of the company’s stock valued at $617,000 after purchasing an additional 1,978 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.