Diversified Trust Co Trims Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Diversified Trust Co decreased its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 21.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,790 shares of the company’s stock after selling 1,565 shares during the period. Diversified Trust Co’s holdings in Nestlé were worth $478,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Nestlé in the third quarter worth $36,000. First Horizon Advisors Inc. increased its stake in Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after acquiring an additional 922 shares during the last quarter. Front Row Advisors LLC boosted its position in shares of Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after acquiring an additional 1,888 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Nestlé by 28.1% during the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after purchasing an additional 698 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of Nestlé in the third quarter worth approximately $365,000. Institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nestlé Stock Performance

OTCMKTS NSRGY opened at $80.65 on Friday. The stock’s 50 day moving average is $85.22 and its 200 day moving average is $95.99. Nestlé S.A. has a twelve month low of $80.53 and a twelve month high of $115.91.

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.