Paradigm Asset Management Co. LLC Sells 15,409 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Paradigm Asset Management Co. LLC lowered its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 93.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,150 shares of the company's stock after selling 15,409 shares during the period. Paradigm Asset Management Co. LLC's holdings in Nestlé were worth $94,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Mengis Capital Management Inc. lifted its holdings in shares of Nestlé by 304.3% during the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock worth $2,230,000 after buying an additional 16,671 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock worth $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Saybrook Capital NC boosted its holdings in Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock valued at $6,383,000 after purchasing an additional 6,742 shares during the period. Hantz Financial Services Inc. boosted its holdings in 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 purchasing an additional 10,523 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Nestlé during the fourth quarter worth approximately $386,000. 0.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NSRGY. The Goldman Sachs Group raised Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Morgan Stanley upgraded shares of Nestlé from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 27th. BNP Paribas upgraded shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered shares of Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold".

Nestlé Stock Performance

Shares of OTCMKTS NSRGY opened at $95.08 on Friday. The stock has a 50-day moving average price of $84.41 and a two-hundred day moving average price of $92.39. 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 current ratio of 0.85 and a quick ratio of 0.52.

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.

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