Nestlé (OTCMKTS:NSRGY) Reaches New 12-Month Low at $100.92

Nestlé S.A. (OTCMKTS:NSRGY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $100.92 and last traded at $100.95, with a volume of 682890 shares traded. The stock had previously closed at $101.69.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NSRGY. BNP Paribas downgraded shares of Nestlé from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 9th. Royal Bank of Canada raised shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $153.00.

Nestlé Stock Performance

The company’s fifty day simple moving average is $106.44 and its 200-day simple moving average is $110.51. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

Institutional Investors Weigh In On Nestlé

A number of large investors have recently made changes to their positions in NSRGY. Spinnaker Trust raised its position in shares of Nestlé by 5.1% in the third quarter. Spinnaker Trust now owns 68,362 shares of the company’s stock worth $7,752,000 after acquiring an additional 3,329 shares during the period. Cullen Investment Group LTD. acquired a new position in shares of Nestlé during the 4th quarter worth about $1,074,000. Pacer Advisors Inc. raised its position in shares of Nestlé by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock worth $2,861,000 after purchasing an additional 190 shares during the last quarter. Navellier & Associates Inc. acquired a new position in shares of Nestlé during the 3rd quarter worth about $656,000. Finally, Beach Investment Counsel Inc. PA raised its position in shares of Nestlé by 15.2% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock worth $22,099,000 after purchasing an additional 25,203 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.