Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC decreased its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,499 shares of the company's stock after selling 3,387 shares during the period. Sky Investment Group LLC's holdings in Nestlé were worth $6,930,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NSRGY. Raelipskie Partnership boosted its holdings in shares of Nestlé by 6.1% in the fourth quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock valued at $1,407,000 after purchasing an additional 990 shares during the period. Mengis Capital Management Inc. raised its stake in Nestlé by 51.0% in the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock worth $2,732,000 after buying an additional 11,295 shares in the last quarter. Altrius Capital Management Inc raised its stake in Nestlé by 13.5% in the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after buying an additional 9,381 shares in the last quarter. SVB Wealth LLC bought a new position in Nestlé in the fourth quarter worth approximately $906,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Nestlé in the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestlé Stock Performance

Shares of NSRGY stock traded down $2.05 during trading hours on Friday, reaching $103.19. 311,108 shares of the company's stock were exchanged, compared to its average volume of 703,021. The stock's 50 day moving average is $105.04 and its 200-day moving average is $95.12. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $109.31.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NSRGY. BNP Paribas downgraded shares of Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Morgan Stanley downgraded 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, Royal Bank of Canada downgraded shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Two research 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.com, Nestlé has an average rating of "Hold" and a consensus price target of $91.00.

Nestlé 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.