Sky Investment Group LLC Lowers Position in Nestlé S.A. (OTCMKTS:NSRGY)

Sky Investment Group LLC decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,499 shares of the company's stock after selling 3,387 shares during the quarter. Sky Investment Group LLC's holdings in Nestlé were worth $6,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSRGY. Studio Investment Management LLC raised its holdings in Nestlé 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 buying an additional 112 shares during the last quarter. North Star Asset Management Inc. raised its holdings in shares of Nestlé 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 during the last quarter. Ancora Advisors LLC lifted its position in Nestlé by 0.3% in the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock valued at $6,102,000 after acquiring an additional 239 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Nestlé during the 4th quarter valued at about $26,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Nestlé during the 4th quarter worth approximately $33,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Trading Down 1.9%

Shares of NSRGY traded down $2.05 during midday trading on Monday, reaching $103.19. The stock had a trading volume of 311,108 shares, compared to its average volume of 703,021. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The company's 50-day moving average is $105.14 and its 200 day moving average is $95.37. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $109.31.

Analysts Set New Price Targets

NSRGY has been the topic of a number of analyst reports. Royal Bank of Canada downgraded shares of Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research note on Friday, April 4th. Finally, BNP Paribas downgraded Nestlé from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.