Nestle SA (OTCMKTS:NSRGY) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC decreased its stake in Nestle SA (OTCMKTS:NSRGY) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,346 shares of the company’s stock after selling 1,839 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Nestle were worth $2,868,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of Nestle during the 4th quarter valued at $26,000. Core Alternative Capital acquired a new position in shares of Nestle in the 1st quarter worth $29,000. First Horizon Advisors Inc. raised its position in shares of Nestle by 232.8% during the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock worth $45,000 after purchasing an additional 312 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Nestle during the first quarter worth $95,000. Finally, Sawyer & Company Inc acquired a new stake in shares of Nestle during the first quarter worth $132,000. Institutional investors own 0.61% of the company’s stock.

Nestle Stock Down 1.1%

NSRGY stock opened at $92.33 on Monday. Nestle SA has a 1-year low of $80.11 and a 1-year high of $109.31. The business’s 50 day moving average is $101.44 and its 200-day moving average is $98.52. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BNP Paribas downgraded Nestle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Morgan Stanley downgraded Nestle from an “equal weight” rating to an “underweight” rating and set a $91.00 price target on the stock. in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nestle currently has a consensus rating of “Hold” and an average target price of $91.00.

About Nestle

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.