Sterling Capital Management LLC Lowers Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Sterling Capital Management LLC lowered its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,265 shares of the company's stock after selling 2,984 shares during the period. Sterling Capital Management LLC's holdings in Nestlé were worth $1,261,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock valued at $8,806,000 after buying an additional 10,523 shares during the period. Altrius Capital Management Inc grew its stake in Nestlé by 13.5% in the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock valued at $6,429,000 after acquiring an additional 9,381 shares during the period. Saybrook Capital NC increased its holdings in shares of Nestlé by 19.5% during the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after acquiring an additional 12,340 shares in the last quarter. Sustainable Growth Advisers LP raised its position in shares of Nestlé by 60.2% during the fourth quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock worth $6,097,000 after purchasing an additional 28,040 shares during the period. Finally, Beddow Capital Management Inc. grew its position in Nestlé by 7.5% in the 4th quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company's stock valued at $5,364,000 after purchasing an additional 4,558 shares during the period. Institutional investors own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSRGY. Jefferies Financial Group cut shares of Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. BNP Paribas downgraded Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. 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 report on Friday, April 4th. Finally, Royal Bank of Canada cut Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, Nestlé presently has an average rating of "Hold" and an average target price of $91.00.

Nestlé Price Performance

Shares of NSRGY stock traded up $3.33 during trading on Friday, reaching $107.74. 855,608 shares of the company's stock traded hands, compared to its average volume of 875,514. Nestlé S.A. has a 1 year low of $80.11 and a 1 year 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 firm's 50-day moving average is $99.81 and its 200 day moving average is $91.99.

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.