Nestle (NSRGY) to Post Quarterly Earnings on Thursday

Nestle (OTCMKTS:NSRGY) is expected to be posting its resultson Thursday, July 23rd. Analysts expect Nestle to announce earnings of $2.54 per share and revenue of $53.8519 billion for the quarter.

Nestle Trading Up 0.6%

Shares of Nestle stock opened at $103.82 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $100.60 and a two-hundred day simple moving average of $99.80. Nestle has a 1 year low of $86.98 and a 1 year high of $109.59.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NSRGY. Royal Bank Of Canada reissued a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Nestle in a research note on Sunday, June 28th. Erste Group Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley restated an “underweight” rating on shares of Nestle in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NSRGY. Resources Management Corp CT ADV lifted its stake in Nestle by 2,727.9% in the third quarter. Resources Management Corp CT ADV now owns 65,042 shares of the company’s stock valued at $5,969,000 after buying an additional 62,742 shares during the period. DF Dent & Co. Inc. grew its position in shares of Nestle by 219.6% during the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company’s stock worth $710,000 after buying an additional 4,942 shares during the period. IHT Wealth Management LLC bought a new stake in shares of Nestle in the 2nd quarter valued at $213,000. Vaughan David Investments LLC IL bought a new stake in shares of Nestle in the 4th quarter valued at $207,000. Finally, Verity Asset Management Inc. lifted its position in shares of Nestle by 41.7% during the 3rd quarter. Verity Asset Management Inc. now owns 6,725 shares of the company’s stock valued at $617,000 after acquiring an additional 1,978 shares during the period. 0.61% of the stock is owned by institutional investors.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.