Beach Investment Counsel Inc. PA Has $3.32 Million Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Beach Investment Counsel Inc. PA lessened its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 6.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,790 shares of the company’s stock after selling 2,295 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Nestlé were worth $3,317,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NSRGY. Douglas Lane & Associates LLC grew its holdings in shares of Nestlé by 11.4% during the first quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company’s stock worth $99,294,000 after purchasing an additional 100,767 shares during the last quarter. Rhumbline Advisers boosted its position in Nestlé by 6.7% during the 1st quarter. Rhumbline Advisers now owns 63,064 shares of the company’s stock worth $6,380,000 after buying an additional 3,964 shares during the period. GAMMA Investing LLC boosted its position in Nestlé by 23,819.2% during the 1st quarter. GAMMA Investing LLC now owns 417,630 shares of the company’s stock worth $42,252,000 after buying an additional 415,884 shares during the period. Ameriflex Group Inc. bought a new stake in Nestlé during the 4th quarter worth approximately $26,000. Finally, North Star Asset Management Inc. increased its position in Nestlé by 4.4% in the 4th quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after acquiring an additional 229 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Trading Down 0.5%

Shares of OTCMKTS NSRGY opened at $105.48 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 twelve month low of $80.11 and a twelve month high of $109.68. The firm has a fifty day simple moving average of $104.76 and a 200 day simple moving average of $94.65.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank of Canada cut shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. BNP Paribas downgraded Nestlé from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price target for the company. in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $91.00.

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.