PNC Financial Services Group Inc. Reduces Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

PNC Financial Services Group Inc. cut its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,424 shares of the company’s stock after selling 257 shares during the period. PNC Financial Services Group Inc.’s holdings in Nestlé were worth $280,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC increased its stake in shares of Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after acquiring an additional 10,523 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Nestlé during the fourth quarter worth approximately $386,000. Altrius Capital Management Inc boosted its position in Nestlé by 13.5% during the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after acquiring an additional 9,381 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in Nestlé during the fourth quarter worth approximately $906,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Stock Performance

NSRGY opened at $103.55 on Friday. 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 1-year low of $80.11 and a 1-year high of $110.46. The company has a 50-day moving average of $91.70 and a 200-day moving average of $91.78.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NSRGY shares. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Royal Bank of Canada lowered shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Nestlé has a consensus rating of “Hold”.

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.