Carret Asset Management LLC Sells 154 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Carret Asset Management LLC cut its position in Nestlé S.A. (OTCMKTS:NSRGY) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,964 shares of the company’s stock after selling 154 shares during the quarter. Carret Asset Management LLC’s holdings in Nestlé were worth $2,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NSRGY. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 30.8% during the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock worth $58,000 after buying an additional 120 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Nestlé during the fourth quarter worth $69,000. Operose Advisors LLC acquired a new stake in shares of Nestlé during the third quarter worth $82,000. Wesbanco Bank Inc. lifted its holdings in shares of Nestlé by 11.5% during the third quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock worth $239,000 after buying an additional 218 shares in the last quarter. Finally, Enterprise Financial Services Corp lifted its holdings in shares of Nestlé by 7.7% during the third quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock worth $247,000 after buying an additional 156 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Price Performance

Shares of OTCMKTS NSRGY traded up $0.02 during mid-day trading on Wednesday, reaching $103.03. The company had a trading volume of 603,380 shares, compared to its average volume of 736,081. Nestlé S.A. has a one year low of $100.64 and a one year high of $131.64. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. The business’s 50-day simple moving average is $105.67 and its 200 day simple moving average is $110.20.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NSRGY. BNP Paribas cut Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $153.00.

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.