Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Tucker Asset Management LLC

Tucker Asset Management LLC trimmed its position in Nestlé S.A. (OTCMKTS:NSRGY) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,465 shares of the company’s stock after selling 312 shares during the period. Tucker Asset Management LLC’s holdings in Nestlé were worth $516,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cullen Investment Group LTD. acquired a new position in Nestlé in the fourth quarter worth about $1,074,000. Pacer Advisors Inc. boosted its stake in Nestlé by 0.8% in the fourth 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 during the period. Beach Investment Counsel Inc. PA boosted its stake in Nestlé by 15.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after acquiring an additional 25,203 shares during the period. Rhumbline Advisers boosted its stake in Nestlé by 6.4% in the third quarter. Rhumbline Advisers now owns 54,964 shares of the company’s stock valued at $6,220,000 after acquiring an additional 3,295 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Nestlé by 198.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock valued at $9,636,000 after acquiring an additional 55,298 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on NSRGY. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. cut Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $153.00.

Nestlé Stock Up 0.1 %

OTCMKTS:NSRGY traded up $0.12 during midday trading on Friday, hitting $106.75. 363,141 shares of the stock were exchanged, compared to its average volume of 561,444. Nestlé S.A. has a one year low of $99.04 and a one year high of $125.41. The business has a 50-day moving average price of $103.75 and a two-hundred day moving average price of $108.28. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

About Nestlé

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.