Azimuth Capital Investment Management LLC Reduces Position in Nestlé S.A. (OTCMKTS:NSRGY)

Azimuth Capital Investment Management LLC decreased its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,394 shares of the company's stock after selling 2,538 shares during the period. Azimuth Capital Investment Management LLC's holdings in Nestlé were worth $2,181,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Nestlé during the fourth quarter worth about $386,000. Hantz Financial Services Inc. boosted its stake in shares of Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock worth $8,806,000 after acquiring an additional 10,523 shares during the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Nestlé during the fourth quarter worth approximately $33,000. Raelipskie Partnership increased its position in shares of Nestlé by 6.1% during the fourth quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock worth $1,407,000 after purchasing an additional 990 shares in the last quarter. Finally, Mengis Capital Management Inc. raised its stake in Nestlé by 51.0% in the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock valued at $2,732,000 after purchasing an additional 11,295 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestlé Stock Down 0.9 %

NSRGY traded down $0.90 on Tuesday, hitting $104.80. 830,492 shares of the company traded hands, compared to its average volume of 872,744. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $110.46. The company has a 50 day moving average of $98.15 and a 200-day moving average of $91.72. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NSRGY. Jefferies Financial Group lowered shares of Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. BNP Paribas upgraded shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Royal Bank of Canada lowered Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Finally, Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average 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.