Nestlé S.A. (OTCMKTS:NSRGY) Stock Position Reduced by SVB Wealth LLC

SVB Wealth LLC decreased its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,939 shares of the company’s stock after selling 510 shares during the quarter. SVB Wealth LLC’s holdings in Nestlé were worth $2,190,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NSRGY. Cullen Investment Group LTD. acquired a new position in shares of Nestlé in the fourth quarter worth $1,074,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in Nestlé by 1.6% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 22,875 shares of the company’s stock valued at $2,650,000 after purchasing an additional 365 shares in the last quarter. Beddow Capital Management Inc. raised its stake in shares of Nestlé by 0.5% during the 4th quarter. Beddow Capital Management Inc. now owns 52,170 shares of the company’s stock worth $6,032,000 after purchasing an additional 250 shares in the last quarter. Sky Investment Group LLC raised its position in Nestlé by 1.4% during the fourth quarter. Sky Investment Group LLC now owns 82,999 shares of the company’s stock valued at $9,597,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Nestlé by 0.8% in the 4th quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock valued at $2,861,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

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

Nestlé Stock Performance

OTCMKTS NSRGY opened at $102.73 on Thursday. The stock has a 50-day simple moving average of $106.24 and a 200 day simple moving average of $110.46. Nestlé S.A. has a twelve month low of $100.64 and a twelve month high of $131.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

Nestlé Profile

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.