Rhumbline Advisers Lowers Position in Nestlé S.A. (OTCMKTS:NSRGY)

Rhumbline Advisers decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,100 shares of the company’s stock after selling 7,048 shares during the period. Rhumbline Advisers’ holdings in Nestlé were worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of NSRGY. Thompson Investment Management Inc. acquired a new position in shares of Nestlé in the 4th quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in Nestlé in the third quarter valued at $36,000. First Horizon Advisors Inc. boosted its stake in shares of Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after acquiring an additional 922 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Nestlé during the 4th quarter worth approximately $386,000. Finally, Studio Investment Management LLC lifted its stake in shares of Nestlé by 5.4% during the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Price Performance

NSRGY opened at $96.56 on Friday. The firm has a 50 day moving average price of $85.63 and a 200-day moving average price of $92.26. 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 twelve month low of $80.11 and a twelve month high of $110.46.

Analysts Set New Price Targets

NSRGY has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.