Carret Asset Management LLC Reduces Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Carret Asset Management LLC decreased its position in Nestlé S.A. (OTCMKTS:NSRGY) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,133 shares of the company’s stock after selling 1,281 shares during the period. Carret Asset Management LLC’s holdings in Nestlé were worth $1,581,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NSRGY. Altrius Capital Management Inc raised its holdings in Nestlé by 2.4% during the 3rd quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after acquiring an additional 1,603 shares during the period. Beddow Capital Management Inc. raised its holdings in Nestlé by 4.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company’s stock valued at $6,151,000 after acquiring an additional 2,590 shares during the period. First Horizon Advisors Inc. raised its holdings 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 acquiring an additional 922 shares during the period. Studio Investment Management LLC raised its holdings 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 acquiring an additional 200 shares during the period. Finally, Canopy Partners LLC raised its holdings in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

NSRGY opened at $101.15 on Friday. The business’s fifty day simple moving average is $89.21 and its 200 day simple moving average is $92.05. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $110.46.

Analysts Set New Price Targets

NSRGY has been the topic of a number of analyst reports. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. 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 raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Nestlé Company 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.