Brokerages Set Nestle SA (OTCMKTS:NSRGY) PT at $91.00

Nestle SA (OTCMKTS:NSRGY) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $91.00.

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada cut shares of Nestle from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. BNP Paribas cut shares of Nestle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley cut shares of Nestle from an “equal weight” rating to an “underweight” rating and set a $91.00 price objective on the stock. in a research note on Friday, April 4th.

Nestle Stock Up 0.2%

NSRGY opened at $99.28 on Friday. Nestle has a 12-month low of $80.11 and a 12-month high of $109.31. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. The firm has a 50 day moving average of $104.50 and a two-hundred day moving average of $96.42.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. DF Dent & Co. Inc. lifted its position in Nestle by 193.6% in the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company’s stock valued at $588,000 after buying an additional 4,742 shares during the last quarter. Elefante Mark B acquired a new position in shares of Nestle in the 4th quarter worth approximately $1,527,000. Altrius Capital Management Inc lifted its holdings in shares of Nestle by 3.5% in the 1st quarter. Altrius Capital Management Inc now owns 81,440 shares of the company’s stock worth $8,239,000 after acquiring an additional 2,753 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new position in shares of Nestle during the 4th quarter worth approximately $822,000. Finally, Douglas Lane & Associates LLC increased its holdings in Nestle by 11.4% in the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company’s stock valued at $99,294,000 after purchasing an additional 100,767 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

About Nestle

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.