Nestlé (OTCMKTS:NSRGY) Reaches New 12-Month Low – Here’s Why

Shares of Nestlé S.A. (OTCMKTS:NSRGY) reached a new 52-week low on Monday . The stock traded as low as $82.67 and last traded at $82.72, with a volume of 2569451 shares. The stock had previously closed at $83.81.

Wall Street Analyst Weigh In

NSRGY has been the topic of several recent analyst reports. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Finally, Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nestlé Stock Down 1.3 %

The business’s fifty day moving average is $91.26 and its 200-day moving average is $99.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group bought a new position in Nestlé in the 3rd quarter worth $36,000. First Horizon Advisors Inc. raised its stake in shares of Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after buying an additional 922 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Nestlé during the 2nd quarter valued at about $134,000. Front Row Advisors LLC increased its holdings in Nestlé by 421.4% in the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Nestlé during the 2nd quarter worth approximately $262,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Company Profile

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.