North Star Asset Management Inc. Sells 250 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

North Star Asset Management Inc. cut its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,225 shares of the company’s stock after selling 250 shares during the quarter. North Star Asset Management Inc.’s holdings in Nestlé were worth $535,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC increased its holdings in shares of Nestlé by 3.7% in the first quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock worth $83,255,000 after purchasing an additional 27,888 shares during the last quarter. Councilmark Asset Management LLC bought a new stake in shares of Nestlé in the first quarter worth about $640,000. Confluence Investment Management LLC bought a new stake in shares of Nestlé in the first quarter worth about $111,100,000. Wedgewood Investors Inc. PA purchased a new position in Nestlé in the second quarter worth about $277,000. Finally, Cullen Investment Group LTD. grew its position in Nestlé by 3.7% in the first quarter. Cullen Investment Group LTD. now owns 9,608 shares of the company’s stock worth $1,005,000 after acquiring an additional 342 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered Nestlé from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Nestlé currently has a consensus rating of “Hold”.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $104.02 on Friday. Nestlé S.A. has a 1 year low of $99.02 and a 1 year high of $119.94. The business has a 50 day simple moving average of $103.68 and a two-hundred day simple moving average of $104.35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83.

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.