Puzo Michael J Lowers Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Puzo Michael J decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,114 shares of the company’s stock after selling 9,123 shares during the period. Nestlé makes up approximately 1.7% of Puzo Michael J’s holdings, making the stock its 27th largest position. Puzo Michael J’s holdings in Nestlé were worth $6,219,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in NSRGY. Flagship Wealth Advisors LLC acquired a new position in shares of Nestlé during the fourth quarter worth about $33,000. Thompson Investment Management Inc. acquired a new position in Nestlé during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Nestlé during the 4th quarter worth approximately $45,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Nestlé in the 4th quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Nestlé in the fourth quarter valued at approximately $386,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Finally, Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nestlé currently has a consensus rating of “Hold”.

Nestlé Stock Up 3.3 %

Shares of NSRGY opened at $105.08 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 $110.46. The firm has a 50 day simple moving average of $95.35 and a 200-day simple moving average of $91.72.

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.