Nestle SA (OTCMKTS:NSRGY) Shares Sold by Somerville Kurt F

Somerville Kurt F trimmed its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 32.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,000 shares of the company's stock after selling 41,393 shares during the quarter. Nestle makes up 1.5% of Somerville Kurt F's investment portfolio, making the stock its 27th largest position. Somerville Kurt F's holdings in Nestle were worth $8,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in Nestle during the 4th quarter valued at about $26,000. Core Alternative Capital purchased a new position in shares of Nestle during the first quarter valued at approximately $29,000. First Horizon Advisors Inc. boosted its stake in shares of Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock worth $45,000 after buying an additional 312 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Nestle in the 4th quarter worth approximately $49,000. Finally, ORG Wealth Partners LLC bought a new position in Nestle in the 1st quarter worth $95,000. 0.61% of the stock is currently owned by institutional investors.

Nestle Price Performance

Nestle stock traded down $6.49 during midday trading on Thursday, reaching $93.35. The company had a trading volume of 1,563,617 shares, compared to its average volume of 347,489. The firm's fifty day simple moving average is $101.87 and its 200-day simple moving average is $98.16. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. Nestle SA has a 12-month low of $80.11 and a 12-month high of $109.31.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BNP Paribas downgraded Nestle from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Morgan Stanley cut shares of Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $91.00.

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.