Stonebridge Capital Management Inc. Decreases Position 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. cut its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,110 shares of the company's stock after selling 3,532 shares during the period. Nestle accounts for about 1.1% of Stonebridge Capital Management Inc.'s portfolio, making the stock its 27th biggest position. Stonebridge Capital Management Inc.'s holdings in Nestle were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Studio Investment Management LLC lifted its stake in Nestle by 2.9% in the 4th quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock worth $326,000 after purchasing an additional 112 shares in the last quarter. North Star Asset Management Inc. lifted its stake in 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 purchasing an additional 229 shares in the last quarter. Ancora Advisors LLC lifted its stake in 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 purchasing an additional 239 shares in the last quarter. Core Alternative Capital purchased a new position in Nestle in the 1st quarter worth approximately $29,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Nestle during the 4th quarter valued at approximately $26,000. 0.61% of the stock is owned by institutional investors.

Nestle Trading Down 0.3%

Shares of NSRGY stock opened at $89.09 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average price of $97.81 and a 200 day moving average price of $98.79. Nestle SA has a 12 month low of $80.11 and a 12 month high of $109.31.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a research report on Friday, August 1st. BNP Paribas downgraded shares of Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nestle presently has an average 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.

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