Associated Banc Corp Trims Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Associated Banc Corp lessened its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 38.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,648 shares of the company’s stock after selling 3,531 shares during the period. Associated Banc Corp’s holdings in Nestlé were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Douglass Winthrop Advisors LLC lifted its holdings in shares of Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after buying an additional 10,523 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Nestlé in the fourth quarter valued at approximately $386,000. Altrius Capital Management Inc raised its position in shares of Nestlé by 13.5% in the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock valued at $6,429,000 after buying an additional 9,381 shares during the last quarter. Finally, Saybrook Capital NC raised its position in shares of Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after buying an additional 12,340 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

NSRGY has been the subject of a number of analyst reports. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Nestlé currently has a consensus rating of “Hold”.

Nestlé Stock Performance

Nestlé stock opened at $101.07 on Friday. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $110.46. The firm has a fifty day moving average of $89.59 and a 200-day moving average of $91.91. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

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.