Nestlé (OTCMKTS:NSRGF) Trading Down 0.6%

Nestlé S.A. (OTCMKTS:NSRGF – Get Rating)’s share price fell 0.6% on Monday . The company traded as low as $107.48 and last traded at $110.14. 8,800 shares were traded during trading, a decline of 5% from the average session volume of 9,303 shares. The stock had previously closed at $110.80.

Separately, BNP Paribas raised Nestlé to a “buy” rating and set a $135.00 price objective for the company in a research report on Monday, March 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $126.00.

The business has a 50-day simple moving average of $121.70 and a two-hundred day simple moving average of $127.68.

A number of institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC lifted its holdings in shares of Nestlé by 10.1% in the 4th quarter. Fisher Asset Management LLC now owns 4,867 shares of the company’s stock valued at $666,000 after buying an additional 445 shares during the period. Sierra Capital LLC acquired a new stake in shares of Nestlé in the 4th quarter valued at approximately $187,000. Finally, MAI Capital Management acquired a new stake in shares of Nestlé in the 4th quarter valued at approximately $696,000.

Nestlé Company Profile (OTCMKTS:NSRGF)

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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