Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Puzo Michael J

Puzo Michael J reduced its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,114 shares of the company’s stock after selling 9,123 shares during the quarter. Nestlé makes up approximately 1.7% of Puzo Michael J’s investment portfolio, making the stock its 27th largest position. Puzo Michael J’s holdings in Nestlé were worth $6,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NSRGY. Flagship Wealth Advisors LLC acquired a new stake in shares of Nestlé during the 4th quarter worth about $33,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé during the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Nestlé during the fourth quarter valued at about $45,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Nestlé in the 4th quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Nestlé in the 4th quarter worth approximately $386,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $105.08 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The firm’s 50 day moving average price is $95.35 and its 200 day moving average price is $91.72.

Analyst Ratings Changes

A number of research firms have commented on NSRGY. Royal Bank of Canada cut Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Nestlé presently has an average 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.