Jefferies Financial Group Upgrades Nestlé (OTCMKTS:NSRGY) to Hold

Jefferies Financial Group upgraded shares of Nestlé (OTCMKTS:NSRGY) from an underperform rating to a hold rating in a research note released on Wednesday, MarketBeat Ratings reports.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a buy rating to a hold rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered shares of Nestlé from an overweight rating to a neutral rating in a report on Thursday, May 23rd. UBS Group lowered shares of Nestlé from a buy rating to a neutral rating in a report on Friday, July 26th. Finally, Berenberg Bank lowered shares of Nestlé from a buy rating to a hold rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, Nestlé has a consensus rating of Hold.

Nestlé Stock Performance

NSRGY opened at $104.35 on Wednesday. The company has a fifty day moving average price of $104.38 and a two-hundred day moving average price of $105.75. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. Nestlé has a 52 week low of $99.02 and a 52 week high of $122.22.

Hedge Funds Weigh In On Nestlé

Several institutional investors and hedge funds have recently made changes to their positions in NSRGY. Wetzel Investment Advisors Inc. acquired a new position in shares of Nestlé in the 4th quarter valued at $69,000. First Horizon Advisors Inc. grew its holdings in shares of Nestlé by 22.4% in the 4th quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after buying an additional 114 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Nestlé in the 2nd quarter valued at $134,000. Vestor Capital LLC grew its holdings in shares of Nestlé by 242.9% in the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after buying an additional 945 shares during the period. Finally, Wesbanco Bank Inc. bought a new stake in Nestlé in the 1st quarter valued at $220,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.