Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,810 shares of the company’s stock after selling 4,400 shares during the quarter. Sit Investment Associates Inc.’s holdings in Nestlé were worth $2,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sustainable Growth Advisers LP lifted its stake in Nestlé by 60.2% during the fourth quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after purchasing an additional 28,040 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in Nestlé by 5,901.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company’s stock worth $2,068,000 after acquiring an additional 24,609 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Nestlé during the 4th quarter valued at about $1,932,000. Saybrook Capital NC grew its position in Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after acquiring an additional 12,340 shares in the last quarter. Finally, Mengis Capital Management Inc. increased its stake in Nestlé by 51.0% during the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company’s stock worth $2,732,000 after purchasing an additional 11,295 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSRGY has been the subject of a number of research reports. Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price target on the stock. in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a strong buy rating to the company. According to MarketBeat, Nestlé has an average rating of “Hold” and a consensus target price of $91.00.

Nestlé Stock Performance

NSRGY stock opened at $100.61 on Monday. The business has a 50 day moving average price of $95.71 and a 200 day moving average price of $91.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46.

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.