FARMERS & MERCHANTS TRUST Co OF LONG BEACH Reduces Stock Position in Nestle SA $NSRGY

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its holdings in Nestle SA (OTCMKTS:NSRGY) by 58.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,769 shares of the company’s stock after selling 5,200 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Nestle were worth $375,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Saybrook Capital NC raised its position in Nestle by 1.1% in the fourth quarter. Saybrook Capital NC now owns 76,997 shares of the company’s stock worth $7,606,000 after acquiring an additional 850 shares during the period. OLD National Bancorp IN bought a new position in Nestle in the fourth quarter worth approximately $227,000. Kingswood Wealth Advisors LLC raised its position in Nestle by 106.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,669 shares of the company’s stock worth $560,000 after acquiring an additional 2,919 shares during the period. Benedict Financial Advisors Inc. raised its position in Nestle by 1.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 23,682 shares of the company’s stock worth $2,339,000 after acquiring an additional 323 shares during the period. Finally, Douglas Lane & Associates LLC raised its position in Nestle by 3.6% in the fourth 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 during the period. 0.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NSRGY shares. Jefferies Financial Group reiterated a “hold” rating on shares of Nestle in a research report on Monday, February 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Nestle in a research report on Friday. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nestle has a consensus rating of “Hold”.

Nestle Price Performance

NSRGY opened at $103.26 on Monday. The company has a fifty day moving average of $101.01 and a 200 day moving average of $99.08. Nestle SA has a fifty-two week low of $86.98 and a fifty-two week high of $109.59. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40.

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.