Resources Management Corp CT ADV Sells 62,742 Shares of Nestle SA $NSRGY

Resources Management Corp CT ADV cut its holdings in Nestle SA (OTCMKTS:NSRGY) by 96.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the company’s stock after selling 62,742 shares during the period. Resources Management Corp CT ADV’s holdings in Nestle were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Douglas Lane & Associates LLC raised its position in shares of Nestle by 3.6% in the 4th quarter. Douglas Lane & Associates LLC now owns 957,576 shares of the company’s stock worth $95,171,000 after acquiring an additional 33,232 shares in the last quarter. Ramirez Asset Management Inc. raised its position in shares of Nestle by 88.8% in the 3rd quarter. Ramirez Asset Management Inc. now owns 57,151 shares of the company’s stock worth $5,249,000 after acquiring an additional 26,888 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Nestle by 57.1% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 37,160 shares of the company’s stock worth $3,671,000 after acquiring an additional 13,510 shares in the last quarter. Diversified Trust Co. raised its position in shares of Nestle by 15.4% in the 4th quarter. Diversified Trust Co. now owns 15,270 shares of the company’s stock worth $1,518,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in shares of Nestle by 0.3% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 978,777 shares of the company’s stock worth $89,822,000 after acquiring an additional 3,167 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NSRGY. Royal Bank Of Canada reissued a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Nestle in a research report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nestle presently has a consensus rating of “Hold”.

Nestle Trading Down 0.7%

NSRGY stock opened at $99.58 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 1.40. Nestle SA has a 52-week low of $86.98 and a 52-week high of $109.59. The business has a 50-day simple moving average of $99.63 and a two-hundred day simple moving average of $99.21.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.