Nestle SA (OTCMKTS:NSRGY) Stock Position Lessened by Madison Asset Management LLC

Madison Asset Management LLC lowered its stake in Nestle SA (OTCMKTS:NSRGY - Free Report) by 51.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,896 shares of the company's stock after selling 4,119 shares during the quarter. Madison Asset Management LLC's holdings in Nestle were worth $394,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ameriflex Group Inc. purchased a new position in Nestle in the fourth quarter valued at about $26,000. Core Alternative Capital purchased a new position in Nestle in the first quarter valued at about $29,000. First Horizon Advisors Inc. boosted its holdings in Nestle by 232.8% in the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after purchasing an additional 312 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Nestle in the fourth quarter valued at about $49,000. Finally, ORG Wealth Partners LLC purchased a new position in Nestle in the first quarter valued at about $95,000. Institutional investors and hedge funds own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NSRGY. BNP Paribas downgraded Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley downgraded Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 target price on the stock. in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $91.00.

Nestle Stock Performance

Shares of OTCMKTS NSRGY traded down $2.01 during mid-day trading on Monday, hitting $90.32. The company had a trading volume of 532,765 shares, compared to its average volume of 680,732. Nestle SA has a 12 month low of $80.11 and a 12 month high of $109.31. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. The firm's 50 day simple moving average is $101.44 and its two-hundred day simple moving average is $98.52.

Nestle 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.