Stonebridge Capital Management Inc. Decreases Holdings in Nestle SA (OTCMKTS:NSRGY)

Key Points

• Stonebridge Capital Management Inc. reduced its stake in Nestle SA by 12.3%, leaving it with 25,110 shares, which now represent 1.1% of its portfolio.
• Institutional ownership of Nestle is 0.61%, with several firms adjusting their stakes, including Studio Investment Management LLC and North Star Asset Management Inc..
• Analysis of Nestle's stock shows a current average target price of $91.00, with mixed ratings from analysts, including one sell and five hold ratings.

Stonebridge Capital Management Inc. lowered its holdings in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,110 shares of the company's stock after selling 3,532 shares during the quarter. Nestle makes up 1.1% of Stonebridge Capital Management Inc.'s portfolio, making the stock its 27th biggest holding. Stonebridge Capital Management Inc.'s holdings in Nestle were worth $2,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NSRGY. Core Alternative Capital bought a new stake in shares of Nestle in the 1st quarter valued at approximately $29,000. Ameriflex Group Inc. bought a new stake in shares of Nestle in the 4th quarter valued at approximately $26,000. First Horizon Advisors Inc. lifted 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 valued at $45,000 after purchasing an additional 312 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Nestle in the 1st quarter valued at approximately $95,000. Finally, Sawyer & Company Inc bought a new stake in shares of Nestle in the 1st quarter valued at approximately $132,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BNP Paribas lowered Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $91.00.

Nestle Trading Up 0.6%

Shares of NSRGY stock traded up $0.51 on Wednesday, hitting $89.62. The company had a trading volume of 180,254 shares, compared to its average volume of 684,805. The company has a 50-day moving average price of $97.13 and a 200-day moving average price of $98.99. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. Nestle SA has a twelve month low of $80.11 and a twelve month high of $109.31.

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.