Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Intelligent Financial Strategies

Intelligent Financial Strategies decreased its stake in Nestlé S.A. (OTCMKTS:NSRGYGet Rating) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,697 shares of the company’s stock after selling 1,853 shares during the period. Nestlé makes up 1.1% of Intelligent Financial Strategies’ investment portfolio, making the stock its 20th largest holding. Intelligent Financial Strategies’ holdings in Nestlé were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSRGY. Windward Capital Management Co. CA lifted its stake in shares of Nestlé by 18.7% in the fourth quarter. Windward Capital Management Co. CA now owns 37,700 shares of the company’s stock valued at $5,273,000 after purchasing an additional 5,943 shares during the period. Henry James International Management Inc. lifted its stake in shares of Nestlé by 10.4% in the fourth quarter. Henry James International Management Inc. now owns 5,843 shares of the company’s stock valued at $820,000 after purchasing an additional 549 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Nestlé by 2,032.7% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 39,156 shares of the company’s stock valued at $5,496,000 after purchasing an additional 37,320 shares during the period. Hancock Whitney Corp purchased a new position in Nestlé during the 4th quarter valued at about $209,000. Finally, Douglas Lane & Associates LLC increased its holdings in Nestlé by 1.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 716,133 shares of the company’s stock valued at $100,164,000 after acquiring an additional 9,716 shares in the last quarter. Hedge funds and other institutional investors own 0.98% of the company’s stock.

Shares of NSRGY stock opened at $117.48 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. Nestlé S.A. has a fifty-two week low of $106.67 and a fifty-two week high of $141.95. The firm’s 50 day moving average price is $118.59 and its two-hundred day moving average price is $126.36.

Several equities analysts have weighed in on NSRGY shares. UBS Group raised their target price on shares of Nestlé from €50.00 ($52.08) to €51.00 ($53.13) in a report on Tuesday, March 29th. Morgan Stanley downgraded shares of Nestlé from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 28th. Exane BNP Paribas upgraded shares of Nestlé from a “neutral” rating to an “outperform” rating and raised their target price for the company from CHF 132 to CHF 135 in a report on Monday, March 14th. Sanford C. Bernstein downgraded shares of Nestlé from an “outperform” rating to a “market perform” rating in a report on Thursday, May 19th. Finally, Societe Generale lowered their price target on shares of Nestlé from CHF 135 to CHF 123 in a report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.83.

About Nestlé (Get Rating)

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Institutional Ownership by Quarter for Nestlé (OTCMKTS:NSRGY)

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