Nestlé’s (NSRGY) Equal Weight Rating Reiterated at Barclays

Nestlé (OTCMKTS:NSRGY)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays in a research note issued on Monday, StockNewsAPI reports.

NSRGY has been the subject of several other research reports. JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Berenberg Bank cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, UBS Group cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY opened at $104.02 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. Nestlé has a 52 week low of $99.02 and a 52 week high of $119.94. The firm has a 50-day moving average price of $103.68 and a 200 day moving average price of $104.29.

Hedge Funds Weigh In On Nestlé

Institutional investors and hedge funds have recently bought and sold shares of the stock. Douglas Lane & Associates LLC increased its holdings in shares of Nestlé by 3.7% during the 1st quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock worth $83,255,000 after buying an additional 27,888 shares during the last quarter. Councilmark Asset Management LLC acquired a new stake in shares of Nestlé during the 1st quarter worth $640,000. Confluence Investment Management LLC acquired a new stake in Nestlé in the 1st quarter valued at $111,100,000. Wedgewood Investors Inc. PA acquired a new stake in Nestlé in the 2nd quarter valued at $277,000. Finally, Cullen Investment Group LTD. increased its holdings in Nestlé by 3.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,608 shares of the company’s stock valued at $1,005,000 after purchasing an additional 342 shares in the last quarter. 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.