Notis McConarty Edward Cuts Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Notis McConarty Edward lowered its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,650 shares of the company's stock after selling 4,974 shares during the quarter. 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSRGY. Flagship Wealth Advisors LLC acquired a new position in Nestlé in the 4th quarter valued at about $33,000. Thompson Investment Management Inc. acquired a new position in shares of Nestlé in the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Nestlé during the fourth quarter worth approximately $45,000. Murphy & Mullick Capital Management Corp acquired a new stake in Nestlé during the 4th quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC bought a new stake in Nestlé in the 4th quarter valued at $386,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Nestlé Stock Performance

Shares of OTCMKTS:NSRGY traded up $2.78 during midday trading on Thursday, hitting $100.71. 579,533 shares of the stock were exchanged, compared to its average volume of 881,962. The business's 50-day moving average price is $97.01 and its 200 day moving average price is $91.68. 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.

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.