Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. lowered its position in Nestlé S.A. (OTCMKTS:NSRGY) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,667 shares of the company’s stock after selling 900 shares during the period. North Star Asset Management Inc.’s holdings in Nestlé were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NSRGY. First Horizon Advisors Inc. boosted its holdings in Nestlé by 30.8% during the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock worth $58,000 after buying an additional 120 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Nestlé during the 4th quarter worth approximately $69,000. Operose Advisors LLC acquired a new stake in shares of Nestlé in the 3rd quarter worth approximately $82,000. Wesbanco Bank Inc. increased its stake in Nestlé by 11.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock valued at $239,000 after purchasing an additional 218 shares in the last quarter. Finally, Enterprise Financial Services Corp raised its holdings in Nestlé by 7.7% during the third quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock worth $247,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BNP Paribas downgraded shares of Nestlé from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $153.00.

Nestlé Stock Performance

Shares of Nestlé stock traded up $2.19 during trading hours on Monday, hitting $104.14. The company’s stock had a trading volume of 1,381,700 shares, compared to its average volume of 739,528. Nestlé S.A. has a 1-year low of $100.64 and a 1-year high of $131.64. The business has a fifty day moving average of $105.93 and a 200 day moving average of $110.33. 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.