Resources Management Corp CT ADV Has $227,000 Stake in Nestle SA $NSRGY

Resources Management Corp CT ADV lowered its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 96.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,300 shares of the company’s stock after selling 62,742 shares during the period. Resources Management Corp CT ADV’s holdings in Nestle were worth $227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Nestle in the 4th quarter worth approximately $47,000. Sfam LLC purchased a new position in shares of Nestle in the 4th quarter worth approximately $74,000. Cascades Capital Asset Management LLC purchased a new position in shares of Nestle in the 4th quarter worth approximately $101,000. Lummis Asset Management LP boosted its stake in shares of Nestle by 6.9% in the 4th quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock worth $177,000 after buying an additional 115 shares during the last quarter. Finally, Vaughan David Investments LLC IL purchased a new position in shares of Nestle in the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Trading Down 0.7%

OTCMKTS:NSRGY opened at $99.58 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $99.63 and its 200 day moving average is $99.21. Nestle SA has a 12 month low of $86.98 and a 12 month high of $109.59.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating on shares of Nestle in a research note on Monday, February 23rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Nestle in a research note on Friday, April 24th. Finally, Morgan Stanley restated an “underweight” rating on shares of Nestle in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.