Nestlé S.A. (OTCMKTS:NSRGY) Stock Position Reduced by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA trimmed its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,085 shares of the company’s stock after selling 12,702 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Nestlé were worth $2,866,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Nestlé in the third quarter worth $36,000. First Horizon Advisors Inc. raised its stake in 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 last quarter. GAMMA Investing LLC raised its stake in Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after purchasing an additional 698 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Nestlé during the 3rd quarter valued at $365,000. Finally, Studio Investment Management LLC raised its stake in Nestlé by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after purchasing an additional 200 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Stock Up 0.1 %

Shares of NSRGY opened at $85.10 on Tuesday. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $115.23. The company has a 50 day moving average of $83.46 and a 200-day moving average of $93.73. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Analysts Set New Price Targets

Several equities analysts recently commented on NSRGY shares. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.