Abbrea Capital LLC Trims Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Abbrea Capital LLC decreased its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,149 shares of the company’s stock after selling 445 shares during the quarter. Abbrea Capital LLC’s holdings in Nestlé were worth $1,752,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NSRGY. First Horizon Advisors Inc. raised its position in Nestlé by 30.8% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $58,000 after purchasing an additional 120 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Nestlé during the 4th quarter worth $69,000. Operose Advisors LLC acquired a new position in shares of Nestlé during the 3rd quarter worth about $82,000. Wesbanco Bank Inc. boosted its position in shares of Nestlé by 11.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock worth $239,000 after acquiring an additional 218 shares in the last quarter. Finally, Enterprise Financial Services Corp lifted its holdings in shares of Nestlé by 7.7% in the 3rd quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock valued at $247,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NSRGY shares. Royal Bank of Canada raised Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. BNP Paribas cut Nestlé from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Nestlé presently has an average rating of “Hold” and an average target price of $153.00.

Nestlé Price Performance

Nestlé stock traded down $0.09 during mid-day trading on Friday, hitting $101.34. 722,785 shares of the company were exchanged, compared to its average volume of 762,534. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The business’s 50 day simple moving average is $105.35 and its two-hundred day simple moving average is $110.09. Nestlé S.A. has a 12-month low of $99.04 and a 12-month high of $131.64.

Nestlé 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.