SVB Wealth LLC Sells 5,754 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

SVB Wealth LLC trimmed its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 30.4% in the first quarter, Holdings Channel reports. The institutional investor owned 13,185 shares of the company’s stock after selling 5,754 shares during the quarter. SVB Wealth LLC’s holdings in Nestlé were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSRGY. Pacer Advisors Inc. boosted its position in shares of Nestlé by 0.8% in the fourth quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock valued at $2,861,000 after acquiring an additional 190 shares during the period. Sky Investment Group LLC increased its stake in Nestlé by 1.4% in the fourth quarter. Sky Investment Group LLC now owns 82,999 shares of the company’s stock valued at $9,597,000 after acquiring an additional 1,114 shares during the last quarter. Beddow Capital Management Inc. lifted its stake in Nestlé by 0.5% during the fourth quarter. Beddow Capital Management Inc. now owns 52,170 shares of the company’s stock worth $6,032,000 after purchasing an additional 250 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Nestlé by 1.6% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 22,875 shares of the company’s stock valued at $2,650,000 after buying an additional 365 shares in the last quarter. Finally, Cullen Investment Group LTD. bought a new stake in Nestlé in the 4th quarter worth approximately $1,074,000. Institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered Nestlé from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. Finally, UBS Group cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Nestlé currently has an average rating of “Hold”.

Nestlé Trading Down 0.4 %

Nestlé stock traded down $0.43 on Tuesday, hitting $99.21. 848,827 shares of the stock traded hands, compared to its average volume of 527,493. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The business’s fifty day simple moving average is $104.48 and its 200 day simple moving average is $106.05. Nestlé S.A. has a 1 year low of $99.02 and a 1 year high of $123.68.

Nestlé 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.