Somerville Kurt F Lowers Holdings in Nestle SA $NSRGY

Somerville Kurt F reduced its position in shares of Nestle SA (OTCMKTS:NSRGY) by 31.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,832 shares of the company’s stock after selling 18,635 shares during the quarter. Somerville Kurt F’s holdings in Nestle were worth $3,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Strengthening Families & Communities LLC purchased a new stake in Nestle during the 3rd quarter valued at about $31,000. Boyd Watterson Asset Management LLC OH grew its position in Nestle by 175.1% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock valued at $59,000 after acquiring an additional 408 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Nestle by 37.4% in the second quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after purchasing an additional 167 shares during the period. Salomon & Ludwin LLC increased its position in shares of Nestle by 412.6% during the third quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after acquiring an additional 751 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Nestle during the 3rd quarter worth about $125,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Stock Performance

NSRGY stock traded down $1.72 on Friday, reaching $103.00. The company’s stock had a trading volume of 13,689 shares, compared to its average volume of 494,569. Nestle SA has a 52 week low of $86.98 and a 52 week high of $109.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71. The firm has a fifty day moving average of $97.74 and a two-hundred day moving average of $96.01.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NSRGY. Berenberg Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Thursday, February 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Nestle has an average rating of “Hold” and a consensus price target of $91.00.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.