Nestle SA $NSRGY Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 11.0% in the third quarter, Holdings Channel reports. The institutional investor owned 56,536 shares of the company’s stock after selling 6,993 shares during the quarter. Rhumbline Advisers’ holdings in Nestle were worth $5,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSRGY. Strengthening Families & Communities LLC bought a new position in Nestle during the 3rd quarter valued at $31,000. Boyd Watterson Asset Management LLC OH increased its position in shares of Nestle by 175.1% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock worth $59,000 after purchasing an additional 408 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Nestle by 37.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after purchasing an additional 167 shares in the last quarter. Salomon & Ludwin LLC lifted 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 purchasing an additional 751 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Nestle during the third quarter worth about $125,000. Institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NSRGY. Jefferies Financial Group reissued a “hold” rating on shares of Nestle in a report on Monday. Berenberg Bank upgraded Nestle from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Nestle in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Nestle presently has a consensus rating of “Hold” and an average price target of $91.00.

Nestle Trading Up 0.5%

Shares of OTCMKTS NSRGY opened at $105.15 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41. The firm’s 50-day moving average price is $98.00 and its two-hundred day moving average price is $96.35. Nestle SA has a 52-week low of $86.98 and a 52-week high of $109.31.

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.