Nestle (OTCMKTS:NSRGY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Nestle SA (OTCMKTS:NSRGY – Get Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $98.48 and traded as low as $97.56. Nestle shares last traded at $97.81, with a volume of 416,349 shares traded.

Analysts Set New Price Targets

NSRGY has been the topic of several recent analyst reports. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research note on Monday, October 6th. Berenberg Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $91.00.

Check Out Our Latest Report on Nestle

Nestle Price Performance

The firm has a fifty day simple moving average of $98.48 and a two-hundred day simple moving average of $96.52. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.62.

Institutional Investors Weigh In On Nestle

Institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC increased its stake in shares of Nestle by 4.6% in the third quarter. Accent Capital Management LLC now owns 2,345 shares of the company’s stock worth $215,000 after purchasing an additional 104 shares in the last quarter. Madison Asset Management LLC grew its stake in Nestle by 3.5% in the 3rd quarter. Madison Asset Management LLC now owns 4,033 shares of the company’s stock valued at $370,000 after buying an additional 137 shares in the last quarter. Weik Capital Management raised its holdings in Nestle by 0.3% during the 2nd quarter. Weik Capital Management now owns 51,889 shares of the company’s stock valued at $5,154,000 after acquiring an additional 160 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Nestle by 37.4% during the second quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock worth $61,000 after acquiring an additional 167 shares in the last quarter. Finally, Diversified Trust Co grew its position in shares of Nestle by 5.2% in the second quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock valued at $343,000 after purchasing an additional 170 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

About Nestle

(Get Free Report)

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.

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