Nestlé (OTCMKTS:NSRGY) Hits New 12-Month Low at $99.04

Shares of Nestlé S.A. (OTCMKTS:NSRGY) reached a new 52-week low on Thursday . The stock traded as low as $99.04 and last traded at $101.43, with a volume of 2669276 shares changing hands. The stock had previously closed at $103.03.

Analyst Upgrades and Downgrades

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

Nestlé Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average is $105.54 and its two-hundred day moving average is $110.15.

Institutional Trading of Nestlé

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSRGY. First Horizon Advisors Inc. increased its holdings in Nestlé by 30.8% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Nestlé in the 4th quarter valued at $69,000. Operose Advisors LLC bought a new position in shares of Nestlé during the 3rd quarter valued at about $82,000. Vestor Capital LLC boosted its holdings in shares of Nestlé by 242.9% in the fourth 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 shares of Nestlé during the first quarter worth $220,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.