Delta Capital Management LLC Lowers Position in Nestlé S.A. (OTCMKTS:NSRGY)

Delta Capital Management LLC decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,710 shares of the company’s stock after selling 1,480 shares during the period. Delta Capital Management LLC’s holdings in Nestlé were worth $1,794,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Canopy Partners LLC lifted its stake in shares of Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares during the last quarter. Studio Investment Management LLC raised its holdings in Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after purchasing an additional 200 shares in the last quarter. Cheviot Value Management LLC lifted its position in shares of Nestlé by 7.1% during the second quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock valued at $488,000 after buying an additional 315 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Nestlé in the 3rd quarter worth approximately $36,000. Finally, GAMMA Investing LLC raised its stake in shares of Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after acquiring an additional 698 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Nestlé Price Performance

Nestlé stock opened at $81.19 on Friday. The company’s fifty day moving average price is $84.13 and its 200 day moving average price is $95.23. Nestlé S.A. has a 1 year low of $80.11 and a 1 year high of $115.91.

Analyst Upgrades and Downgrades

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

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.