Nestlé (OTCMKTS:NSRGY) Sets New 1-Year Low at $99.04

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

Wall Street Analysts Forecast Growth

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

Nestlé Trading Down 1.6 %

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The company’s 50-day moving average is $105.54 and its 200 day moving average is $110.15.

Institutional Trading of Nestlé

Several large investors have recently modified their holdings of the company. Confluence Investment Management LLC bought a new stake in Nestlé during the first quarter valued at approximately $111,100,000. Kornitzer Capital Management Inc. KS increased its stake in shares of Nestlé by 198.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock worth $9,636,000 after purchasing an additional 55,298 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in Nestlé in the 3rd quarter worth $3,572,000. Douglas Lane & Associates LLC lifted its position in shares of Nestlé by 3.7% during the 1st quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock valued at $83,255,000 after buying an additional 27,888 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA boosted its position in shares of Nestlé by 15.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock worth $22,099,000 after purchasing an additional 25,203 shares during the period. 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.