Sterling Capital Management LLC Has $1.26 Million Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Sterling Capital Management LLC trimmed its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 16.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,265 shares of the company's stock after selling 2,984 shares during the period. Sterling Capital Management LLC's holdings in Nestlé were worth $1,261,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in shares of Nestlé in the 4th quarter worth $33,000. Thompson Investment Management Inc. purchased a new position in shares of Nestlé during the fourth quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Nestlé during the fourth quarter valued at $45,000. Murphy & Mullick Capital Management Corp purchased a new position in Nestlé during the fourth quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Nestlé during the 4th quarter valued at $386,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NSRGY. Royal Bank of Canada cut shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Morgan Stanley cut Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research report on Friday, April 4th. Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. Finally, BNP Paribas lowered shares of 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, eight have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $91.00.

Nestlé Stock Up 3.2 %

Nestlé stock traded up $3.33 during mid-day trading on Monday, hitting $107.74. 855,608 shares of the company's stock were exchanged, compared to its average volume of 875,514. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. The company's 50 day simple moving average is $99.81 and its 200-day simple moving average is $91.89.

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.