Forbes J M & Co. LLP Has $724,000 Stock Position in Nestle SA (OTCMKTS:NSRGY)

Forbes J M & Co. LLP decreased its position in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 88.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,154 shares of the company's stock after selling 57,404 shares during the period. Forbes J M & Co. LLP's holdings in Nestle were worth $724,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Studio Investment Management LLC increased its stake in Nestle by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock worth $326,000 after acquiring an additional 112 shares during the last quarter. North Star Asset Management Inc. boosted its position in shares of Nestle by 4.4% in the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company's stock worth $444,000 after buying an additional 229 shares during the period. Ancora Advisors LLC boosted its position in shares of Nestle by 0.3% in the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock worth $6,102,000 after buying an additional 239 shares during the period. Core Alternative Capital purchased a new stake in shares of Nestle in the first quarter worth about $29,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Nestle in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 0.61% of the company's stock.

Analysts Set New Price Targets

NSRGY has been the subject of a number of analyst reports. Morgan Stanley downgraded Nestle 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. BNP Paribas downgraded Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $91.00.

Nestle Trading Down 1.1%

Shares of OTCMKTS NSRGY traded down $1.02 during mid-day trading on Friday, reaching $92.33. The company had a trading volume of 913,279 shares, compared to its average volume of 407,938. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. The company has a 50-day moving average price of $101.44 and a two-hundred day moving average price of $98.30. Nestle SA has a 1-year low of $80.11 and a 1-year high of $109.31.

Nestle 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.