Godshalk Welsh Capital Management Inc. Sells 750 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Godshalk Welsh Capital Management Inc. trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,930 shares of the company’s stock after selling 750 shares during the quarter. Godshalk Welsh Capital Management Inc.’s holdings in Nestlé were worth $1,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NSRGY. Wetzel Investment Advisors Inc. acquired a new position in shares of Nestlé in the 4th quarter worth approximately $69,000. First Horizon Advisors Inc. raised its stake in Nestlé by 22.4% during the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after buying an additional 114 shares during the last quarter. Operose Advisors LLC acquired a new position in Nestlé in the third quarter valued at $82,000. Vestor Capital LLC boosted its position in Nestlé by 242.9% during the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after acquiring an additional 945 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its holdings in Nestlé by 11.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock worth $239,000 after acquiring an additional 218 shares during the period. 0.61% of the stock is owned by institutional investors.

Nestlé Stock Down 0.3 %

OTCMKTS NSRGY traded down $0.34 during trading hours on Friday, reaching $101.15. 387,296 shares of the company were exchanged, compared to its average volume of 535,743. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. Nestlé S.A. has a 1 year low of $99.04 and a 1 year high of $125.41. The business’s 50 day simple moving average is $103.55 and its 200-day simple moving average is $108.89.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Nestlé presently has a consensus rating of “Hold” and an average price target of $153.00.

Nestlé Company 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.