Pinnacle Wealth Management Advisory Group LLC Trims Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Pinnacle Wealth Management Advisory Group LLC trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,185 shares of the company’s stock after selling 3,680 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Nestlé were worth $2,466,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NSRGY. Thompson Investment Management Inc. acquired a new stake in Nestlé in the fourth quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in Nestlé in the third quarter valued at approximately $36,000. First Horizon Advisors Inc. boosted its stake in Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after acquiring an additional 922 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Nestlé in the third quarter valued at approximately $365,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Nestlé in the fourth quarter valued at approximately $386,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Stock Performance

Shares of Nestlé stock opened at $91.82 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The firm has a fifty day moving average price of $83.61 and a 200 day moving average price of $92.72. Nestlé S.A. has a 1 year low of $80.11 and a 1 year high of $113.67.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.