FARMERS & MERCHANTS TRUST Co OF LONG BEACH Decreases Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its position in Nestlé S.A. (OTCMKTS:NSRGY) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,064 shares of the company’s stock after selling 966 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Nestlé were worth $418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSRGY. Beddow Capital Management Inc. increased its holdings in Nestlé by 6.4% during the 2nd quarter. Beddow Capital Management Inc. now owns 58,510 shares of the company’s stock valued at $5,994,000 after acquiring an additional 3,495 shares in the last quarter. Cheviot Value Management LLC increased its stake in shares of Nestlé by 7.1% during the 2nd quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock worth $488,000 after purchasing an additional 315 shares in the last quarter. Front Row Advisors LLC raised its position in shares of Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new stake in Nestlé in the 2nd quarter valued at approximately $372,000. Finally, GAMMA Investing LLC grew its holdings in Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after buying an additional 698 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Finally, Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Nestlé has an average rating of “Hold”.

Nestlé Stock Down 0.3 %

OTCMKTS NSRGY opened at $81.19 on Friday. The company has a 50-day moving average of $84.31 and a 200-day moving average of $95.37. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $115.91.

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.