Pinnacle Wealth Management Advisory Group LLC Sells 3,680 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Pinnacle Wealth Management Advisory Group LLC decreased its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,185 shares of the company's stock after selling 3,680 shares during the period. Pinnacle Wealth Management Advisory Group LLC's holdings in Nestlé were worth $2,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Thompson Investment Management Inc. bought a new stake in Nestlé in the fourth quarter valued at $33,000. Brooklyn Investment Group bought a new stake in Nestlé in the third quarter valued at $36,000. First Horizon Advisors Inc. boosted its holdings in Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock valued at $130,000 after acquiring an additional 922 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Nestlé in the third quarter valued at $365,000. Finally, Nisa Investment Advisors LLC bought a new stake in Nestlé in the fourth quarter valued at $386,000. Institutional investors own 0.61% of the company's stock.

Nestlé Price Performance

Shares of NSRGY traded up $0.70 during trading hours on Thursday, hitting $91.85. The company had a trading volume of 842,135 shares, compared to its average volume of 977,665. The firm has a fifty day moving average price of $84.02 and a 200-day moving average price of $92.45. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $113.67.

Analyst Ratings Changes

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

Nestlé Company 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.