Capital Management Associates NY Cuts Stake in NESTLE S A/S (NSRGY)

Capital Management Associates NY decreased its holdings in NESTLE S A/S (OTCMKTS:NSRGY) by 15.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,800 shares of the company’s stock after selling 500 shares during the period. Capital Management Associates NY’s holdings in NESTLE S A/S were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Concentric Wealth Management LLC acquired a new stake in NESTLE S A/S in the 3rd quarter worth about $208,000. South State Corp acquired a new stake in NESTLE S A/S in the 3rd quarter worth about $209,000. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in NESTLE S A/S in the 4th quarter worth about $243,000. Virginia National Bank acquired a new stake in NESTLE S A/S in the 3rd quarter worth about $253,000. Finally, Private Capital Group LLC raised its stake in NESTLE S A/S by 32.5% in the 4th quarter. Private Capital Group LLC now owns 4,105 shares of the company’s stock worth $332,000 after purchasing an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 1.37% of the company’s stock.

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NSRGY stock opened at $90.82 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.80. NESTLE S A/S has a 12 month low of $73.59 and a 12 month high of $91.77. The stock has a market capitalization of $281.12 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.27 and a beta of 0.53.

Several analysts have weighed in on NSRGY shares. Royal Bank of Canada cut shares of NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 19th. Berenberg Bank raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Zacks Investment Research lowered shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. JPMorgan Chase & Co. set a $100.00 target price on shares of NESTLE S A/S and gave the company a “buy” rating in a report on Monday, December 10th. Finally, UBS Group raised shares of NESTLE S A/S from a “neutral” rating to a “buy” rating in a report on Thursday, January 3rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $96.50.

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NESTLE S A/S Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

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Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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