Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Puzo Michael J

Puzo Michael J lessened its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,114 shares of the company's stock after selling 9,123 shares during the period. Nestlé makes up about 1.7% of Puzo Michael J's investment portfolio, making the stock its 27th largest holding. Puzo Michael J's holdings in Nestlé were worth $6,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sustainable Growth Advisers LP lifted its position in Nestlé by 60.2% during the fourth quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock valued at $6,097,000 after purchasing an additional 28,040 shares during the period. Ramirez Asset Management Inc. raised its stake in Nestlé by 5,901.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock valued at $2,068,000 after purchasing an additional 24,609 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Nestlé during the fourth quarter valued at $1,932,000. Saybrook Capital NC lifted its position in shares of Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock worth $6,188,000 after buying an additional 12,340 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its holdings in shares of Nestlé by 51.0% in the fourth 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 in the last quarter. 0.61% of the stock is owned by institutional investors.

Remove Ads

Nestlé Price Performance

OTCMKTS NSRGY traded up $0.77 during trading hours on Wednesday, hitting $98.15. 511,645 shares of the company were exchanged, compared to its average volume of 883,353. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a 50 day moving average of $96.41 and a two-hundred day moving average of $91.60. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

Analyst Ratings Changes

NSRGY has been the subject of a number of analyst reports. Morgan Stanley downgraded 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 upgraded Nestlé from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Royal Bank of Canada lowered Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. The Goldman Sachs Group upgraded Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, Jefferies Financial Group downgraded shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. Two 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, the company presently has an average rating of "Hold" and an average target price of $91.00.

Nestlé 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.