Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC lowered its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,214 shares of the company's stock after selling 2,401 shares during the period. Mar Vista Investment Partners LLC's holdings in Nestlé were worth $4,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSRGY. Flagship Wealth Advisors LLC acquired a new position in shares of Nestlé during the 4th quarter worth approximately $33,000. Thompson Investment Management Inc. acquired a new position in shares of Nestlé during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Nestlé during the fourth quarter worth about $45,000. Murphy & Mullick Capital Management Corp purchased a new position in Nestlé during the fourth quarter worth about $49,000. Finally, Raelipskie Partnership grew its stake in shares of Nestlé by 6.1% in the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock valued at $1,407,000 after buying an additional 990 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Stock Up 0.8 %

Shares of NSRGY opened at $108.84 on Wednesday. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. The company's 50 day simple moving average is $100.57 and its 200-day simple moving average is $92.07.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NSRGY. Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. BNP Paribas lowered shares of Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Royal Bank of Canada downgraded Nestlé from an "outperform" rating to a "sector perform" rating in a report 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 target price on the stock. in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $91.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.