Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Dempze Nancy E

Dempze Nancy E cut its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,918 shares of the company's stock after selling 3,572 shares during the period. Dempze Nancy E's holdings in Nestlé were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC purchased a new stake in Nestlé during the 4th quarter worth approximately $33,000. Thompson Investment Management Inc. purchased a new stake in shares of Nestlé during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Nestlé in the 4th quarter valued at $45,000. Murphy & Mullick Capital Management Corp acquired a new stake in Nestlé during the 4th quarter worth $49,000. Finally, Raelipskie Partnership grew its holdings 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 buying an additional 990 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Nestlé Price Performance

Nestlé stock traded up $2.78 during midday trading on Thursday, reaching $100.71. The company's stock had a trading volume of 579,533 shares, compared to its average volume of 881,962. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The stock's 50 day simple moving average is $97.01 and its 200 day simple moving average is $91.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

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.