Somerville Kurt F Has $10.49 Million Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Somerville Kurt F trimmed its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,393 shares of the company’s stock after selling 8,783 shares during the period. Nestlé comprises approximately 1.8% of Somerville Kurt F’s investment portfolio, making the stock its 24th biggest position. Somerville Kurt F’s holdings in Nestlé were worth $10,490,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new stake in shares of Nestlé in the fourth quarter valued at about $386,000. Hantz Financial Services Inc. increased its position in Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after purchasing an additional 10,523 shares during the period. Thompson Investment Management Inc. bought a new position in Nestlé during the 4th quarter worth approximately $33,000. Raelipskie Partnership lifted its position in shares of Nestlé by 6.1% in the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company’s stock worth $1,407,000 after purchasing an additional 990 shares during the period. Finally, Mengis Capital Management Inc. boosted its stake in shares of Nestlé by 51.0% in the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company’s stock valued at $2,732,000 after purchasing an additional 11,295 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Trading Up 3.3 %

Shares of Nestlé stock opened at $105.08 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $110.46. The stock has a 50 day moving average price of $95.35 and a two-hundred day moving average price of $91.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Royal Bank of Canada cut Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nestlé 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.