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

Nestlé S.A. (OTCMKTS:NSRGY)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $99.04 and last traded at $101.43, with a volume of 2669276 shares traded. The stock had previously closed at $103.03.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. BNP Paribas downgraded 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $153.00.

Nestlé Trading Down 0.1 %

The stock has a 50-day simple moving average of $105.17 and a 200 day simple moving average of $110.01. 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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of NSRGY. Cullen Investment Group LTD. acquired a new position in shares of Nestlé in the 4th quarter worth approximately $1,074,000. Spinnaker Trust raised its position in Nestlé by 5.1% in the third quarter. Spinnaker Trust now owns 68,362 shares of the company’s stock valued at $7,752,000 after purchasing an additional 3,329 shares during the period. Pacer Advisors Inc. boosted its position in shares of Nestlé by 0.8% during the fourth quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock worth $2,861,000 after buying an additional 190 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of Nestlé in the third quarter valued at $656,000. Finally, Beach Investment Counsel Inc. PA raised its holdings in shares of Nestlé by 15.2% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after buying an additional 25,203 shares during the period. Hedge funds and other institutional investors 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.