Sit Investment Associates Inc. Sells 4,400 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Sit Investment Associates Inc. trimmed its position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,810 shares of the company's stock after selling 4,400 shares during the period. Sit Investment Associates Inc.'s holdings in Nestlé were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSRGY. Nisa Investment Advisors LLC bought a new stake in Nestlé in the fourth quarter valued at approximately $386,000. Hantz Financial Services Inc. increased its holdings in shares of Nestlé by 10.8% during the 4th 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. bought a new stake in Nestlé in the 4th quarter valued at $33,000. Raelipskie Partnership lifted its holdings in Nestlé by 6.1% during the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock valued at $1,407,000 after purchasing an additional 990 shares during the last quarter. Finally, Mengis Capital Management Inc. boosted its position in Nestlé by 51.0% during the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock worth $2,732,000 after purchasing an additional 11,295 shares during the period. 0.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Nestlé Stock Up 2.8 %

Shares of NSRGY stock traded up $2.90 during trading on Friday, hitting $105.70. The company had a trading volume of 547,051 shares, compared to its average volume of 872,297. The stock's 50-day moving average price is $97.76 and its 200 day moving average price is $91.75. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

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.