Avity Investment Management Inc. Trims Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Avity Investment Management Inc. reduced its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,210 shares of the company’s stock after selling 575 shares during the quarter. Avity Investment Management Inc.’s holdings in Nestlé were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of Nestlé during the third quarter worth $36,000. First Horizon Advisors Inc. raised its stake in shares of Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after purchasing an additional 922 shares during the period. Front Row Advisors LLC lifted its holdings in Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares in the last quarter. GAMMA Investing LLC boosted its stake in Nestlé by 28.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after purchasing an additional 698 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in Nestlé during the 3rd quarter valued at about $365,000. 0.61% of the stock is owned by institutional investors.

Nestlé Trading Up 0.2 %

Shares of OTCMKTS:NSRGY opened at $81.42 on Wednesday. Nestlé S.A. has a 52-week low of $80.30 and a 52-week high of $115.91. The firm has a fifty day moving average of $84.71 and a 200 day moving average of $95.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NSRGY shares. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Nestlé has an average rating of “Hold”.

About Nestlé

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.