Enterprise Financial Services Corp Lowers Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Enterprise Financial Services Corp lessened its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 18.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,776 shares of the company’s stock after selling 407 shares during the quarter. Enterprise Financial Services Corp’s holdings in Nestlé were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vestor Capital LLC grew its stake in shares of Nestlé by 242.9% in the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after buying an additional 945 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Nestlé by 22.4% in the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after buying an additional 114 shares in the last quarter. Altrius Capital Management Inc boosted its holdings in Nestlé by 3.0% in the fourth quarter. Altrius Capital Management Inc now owns 55,196 shares of the company’s stock valued at $6,382,000 after purchasing an additional 1,624 shares during the last quarter. Spinnaker Trust boosted its holdings in Nestlé by 3.9% in the fourth quarter. Spinnaker Trust now owns 71,004 shares of the company’s stock valued at $8,226,000 after purchasing an additional 2,642 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Nestlé by 6.8% in the fourth quarter. Yousif Capital Management LLC now owns 47,090 shares of the company’s stock valued at $5,456,000 after purchasing an additional 2,980 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NSRGY shares. JPMorgan Chase & Co. downgraded Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday. Royal Bank of Canada raised 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, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Nestlé presently has a consensus rating of “Hold” and an average price target of $153.00.

Nestlé Stock Down 0.7 %

NSRGY traded down $0.73 during trading hours on Thursday, hitting $103.94. The company’s stock had a trading volume of 702,621 shares, compared to its average volume of 620,929. Nestlé S.A. has a fifty-two week low of $99.04 and a fifty-two week high of $125.41. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. The company has a 50-day simple moving average of $103.80 and a 200 day simple moving average of $109.02.

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.