Resources Management Corp CT ADV Sells 400 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Resources Management Corp CT ADV trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 13.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,550 shares of the company’s stock after selling 400 shares during the quarter. Resources Management Corp CT ADV’s holdings in Nestlé were worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Beddow Capital Management Inc. raised its position in Nestlé by 6.4% in the 2nd quarter. Beddow Capital Management Inc. now owns 58,510 shares of the company’s stock valued at $5,994,000 after buying an additional 3,495 shares during the last quarter. Altrius Capital Management Inc grew its stake in shares of Nestlé by 11.9% during the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after acquiring an additional 7,200 shares in the last quarter. Studio Investment Management LLC raised its holdings in shares of Nestlé by 5.1% in the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock valued at $377,000 after purchasing an additional 180 shares during the last quarter. Vaughan David Investments LLC IL lifted its position in shares of Nestlé by 12.4% in the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after purchasing an additional 300 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in Nestlé by 0.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock valued at $2,459,000 after purchasing an additional 113 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NSRGY shares. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, UBS Group downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Nestlé has an average rating of “Hold”.

Nestlé Stock Performance

Shares of Nestlé stock opened at $99.37 on Wednesday. Nestlé S.A. has a 52-week low of $96.36 and a 52-week high of $117.82. The firm has a 50-day moving average of $103.27 and a 200-day moving average of $103.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

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.