Nestle SA (OTCMKTS:NSRGY) Shares Sold by Notis McConarty Edward

Notis McConarty Edward reduced its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 26.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,784 shares of the company's stock after selling 9,866 shares during the quarter. Nestle makes up about 1.4% of Notis McConarty Edward's holdings, making the stock its 29th biggest holding. Notis McConarty Edward's holdings in Nestle were worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NSRGY. Studio Investment Management LLC raised its position in Nestle by 2.9% during the 4th quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock valued at $326,000 after purchasing an additional 112 shares in the last quarter. North Star Asset Management Inc. raised its position in shares of Nestle by 4.4% in the 4th quarter. North Star Asset Management Inc. now owns 5,429 shares of the company's stock worth $444,000 after acquiring an additional 229 shares in the last quarter. Ancora Advisors LLC raised its position in shares of Nestle by 0.3% in the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock worth $6,102,000 after acquiring an additional 239 shares in the last quarter. Core Alternative Capital bought a new position in shares of Nestle in the 1st quarter worth $29,000. Finally, Ameriflex Group Inc. bought a new position in shares of Nestle in the 4th quarter worth $26,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestle Trading Down 1.1%

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

Analysts Set New Price Targets

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

About Nestle

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.