Nestle SA $NSRGY Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lowered its position in Nestle SA (OTCMKTS:NSRGY) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,241 shares of the company’s stock after selling 1,292 shares during the quarter. Carret Asset Management LLC’s holdings in Nestle were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital purchased a new position in Nestle in the first quarter valued at about $29,000. First Horizon Advisors Inc. raised its position in Nestle by 232.8% in the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock valued at $45,000 after purchasing an additional 312 shares during the period. Accent Capital Management LLC purchased a new position in Nestle in the first quarter valued at about $227,000. Diversified Trust Co raised its position in Nestle by 5.2% in the second quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock valued at $343,000 after purchasing an additional 170 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Nestle by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,001 shares of the company’s stock valued at $405,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research report on Monday, October 6th. Jefferies Financial Group raised Nestle from an “underperform” rating to a “hold” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nestle has an average rating of “Hold” and an average target price of $91.00.

Nestle Price Performance

OTCMKTS:NSRGY opened at $97.80 on Thursday. Nestle SA has a one year low of $80.11 and a one year high of $109.31. The stock has a 50-day simple moving average of $94.38 and a 200 day simple moving average of $98.10. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.62.

Nestle 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.