Pinnacle Wealth Management Advisory Group LLC Trims Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Pinnacle Wealth Management Advisory Group LLC lessened its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,185 shares of the company’s stock after selling 3,680 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Nestlé were worth $2,466,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Thompson Investment Management Inc. purchased a new stake in Nestlé in the 4th quarter worth $33,000. Brooklyn Investment Group purchased a new stake in Nestlé in the 3rd 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 buying an additional 922 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Nestlé during the 3rd quarter valued at about $365,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Nestlé during the 4th quarter valued at about $386,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Stock Down 0.5 %

Nestlé stock opened at $91.82 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé S.A. has a 1-year low of $80.11 and a 1-year high of $113.67. The company’s 50-day moving average is $83.61 and its 200 day moving average is $92.72.

Analyst Upgrades and Downgrades

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

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.