Abbrea Capital LLC Has $1.75 Million Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Nestlé by 198.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock worth $9,636,000 after acquiring an additional 55,298 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Nestlé in the third quarter worth about $3,572,000. Beach Investment Counsel Inc. PA lifted its holdings in shares of Nestlé by 15.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock worth $22,099,000 after acquiring an additional 25,203 shares during the last quarter. NBT Bank N A NY bought a new position in Nestlé in the 3rd quarter valued at approximately $1,534,000. Finally, Cullen Investment Group LTD. bought a new position in Nestlé in the 4th quarter valued at approximately $1,074,000. 0.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NSRGY has been the subject of a number of research reports. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. BNP Paribas downgraded shares of Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $153.00.

Nestlé Trading Down 0.1 %

OTCMKTS NSRGY traded down $0.09 during trading on Friday, hitting $101.34. 722,785 shares of the company’s stock traded hands, compared to its average volume of 762,534. Nestlé S.A. has a 12-month low of $99.04 and a 12-month high of $131.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. The business has a 50 day moving average of $105.35 and a 200-day moving average of $110.09.

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.