Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Notis McConarty Edward

Notis McConarty Edward lowered its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 11.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,650 shares of the company’s stock after selling 4,974 shares during the period. Nestlé makes up approximately 1.5% of Notis McConarty Edward’s investment portfolio, making the stock its 25th largest position. Notis McConarty Edward’s holdings in Nestlé were worth $3,076,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC acquired a new stake in shares of Nestlé during the fourth quarter worth about $33,000. Thompson Investment Management Inc. purchased a new position in Nestlé in the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Nestlé in the fourth quarter worth $45,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Nestlé during the fourth quarter worth $49,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Nestlé in the fourth quarter valued at $386,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $100.61 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 stock’s 50 day simple moving average is $95.71 and its 200-day simple moving average is $91.71. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $110.46.

Analyst Ratings Changes

NSRGY has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price objective for the company. in a research report on Friday. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada downgraded Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.00.

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.