Sky Investment Group LLC Has $5.87 Million Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Sky Investment Group LLC lowered its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,886 shares of the company’s stock after selling 5,951 shares during the quarter. Sky Investment Group LLC’s holdings in Nestlé were worth $5,873,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canopy Partners LLC boosted its stake in shares of Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after purchasing an additional 147 shares in the last quarter. Studio Investment Management LLC boosted its position in Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after buying an additional 200 shares in the last quarter. Cheviot Value Management LLC grew its stake in Nestlé by 7.1% during the second quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock worth $488,000 after buying an additional 315 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Nestlé during the third quarter worth approximately $36,000. Finally, GAMMA Investing LLC raised its stake in shares of Nestlé by 28.1% in the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after acquiring an additional 698 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Trading Down 0.3 %

Shares of OTCMKTS:NSRGY opened at $81.19 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The company has a 50 day moving average of $84.13 and a 200-day moving average of $95.13. Nestlé S.A. has a one year low of $80.11 and a one year high of $115.91.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nestlé currently has an average rating of “Hold”.

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.