Somerville Kurt F Decreases Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Somerville Kurt F decreased its holdings in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,393 shares of the company's stock after selling 8,783 shares during the period. Nestlé comprises about 1.8% of Somerville Kurt F's investment portfolio, making the stock its 24th biggest holding. Somerville Kurt F's holdings in Nestlé were worth $10,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. DF Dent & Co. Inc. lifted its position in Nestlé by 193.6% during the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock valued at $588,000 after purchasing an additional 4,742 shares during the period. Ramirez Asset Management Inc. boosted its stake in shares of Nestlé by 5,901.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock worth $2,068,000 after buying an additional 24,609 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Nestlé in the 4th quarter worth $49,000. Beddow Capital Management Inc. grew its holdings in shares of Nestlé by 7.5% in the fourth quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company's stock worth $5,364,000 after acquiring an additional 4,558 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in Nestlé during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestlé Price Performance

Nestlé stock traded up $0.77 during mid-day trading on Wednesday, hitting $98.15. The stock had a trading volume of 511,645 shares, compared to its average volume of 883,353. 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. The firm's 50 day moving average is $96.41 and its 200 day moving average is $91.60.

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Analysts Set New Price Targets

Several research firms have recently commented on NSRGY. Royal Bank of Canada lowered shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. Morgan Stanley cut shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 target price for the company. in a report on Friday, April 4th. Jefferies Financial Group downgraded shares of Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, BNP Paribas raised Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a strong buy rating to the company. According to MarketBeat, Nestlé has an average rating of "Hold" and an average target price of $91.00.

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.