FARMERS & MERCHANTS TRUST Co OF LONG BEACH Purchases 113 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Nestlé S.A. (OTCMKTS:NSRGY) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,096 shares of the company’s stock after acquiring an additional 113 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Nestlé were worth $2,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC increased its position in Nestlé by 0.5% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock worth $110,087,000 after buying an additional 4,923 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of Nestlé in the fourth quarter worth about $483,000. Partners Capital Investment Group LLP increased its holdings in shares of Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock worth $274,000 after buying an additional 115 shares during the period. Pinnacle West Asset Management Inc. increased its holdings in shares of Nestlé by 4.8% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after buying an additional 130 shares during the period. Finally, Delaney Dennis R increased its holdings in shares of Nestlé by 0.9% in the fourth quarter. Delaney Dennis R now owns 50,477 shares of the company’s stock worth $5,848,000 after buying an additional 429 shares during the period. Institutional investors own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSRGY shares. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. JPMorgan Chase & Co. downgraded Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Barclays reiterated an “equal weight” rating on shares of Nestlé in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Nestlé presently has an average rating of “Hold”.

Nestlé Stock Down 0.4 %

OTCMKTS NSRGY opened at $103.56 on Tuesday. The business’s fifty day moving average price is $103.72 and its 200-day moving average price is $104.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé S.A. has a 1-year low of $99.02 and a 1-year high of $119.94.

About Nestlé

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.