Associated Banc Corp Sells 3,531 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Associated Banc Corp reduced its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,648 shares of the company's stock after selling 3,531 shares during the period. Associated Banc Corp's holdings in Nestlé were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NSRGY. Beddow Capital Management Inc. boosted its position in Nestlé by 4.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company's stock worth $6,151,000 after buying an additional 2,590 shares during the period. First Horizon Advisors Inc. boosted its position in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock worth $130,000 after buying an additional 922 shares during the period. Studio Investment Management LLC boosted its position in Nestlé by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company's stock worth $390,000 after buying an additional 200 shares during the period. Canopy Partners LLC boosted its position in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company's stock worth $501,000 after buying an additional 147 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its position in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock worth $104,417,000 after buying an additional 24,826 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Nestlé Price Performance

Shares of OTCMKTS:NSRGY traded up $1.09 during mid-day trading on Thursday, hitting $103.51. The company had a trading volume of 2,308,085 shares, compared to its average volume of 931,341. The firm has a fifty day moving average price of $90.82 and a 200 day moving average price of $91.83. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46.

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.