Azimuth Capital Investment Management LLC Has $3.78 Million Holdings in Nestle SA $NSRGY

Azimuth Capital Investment Management LLC decreased its stake in Nestle SA (OTCMKTS:NSRGY) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,184 shares of the company’s stock after selling 5,735 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Nestle were worth $3,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strengthening Families & Communities LLC acquired a new position in Nestle during the 3rd quarter valued at $31,000. Boyd Watterson Asset Management LLC OH grew its position in Nestle by 175.1% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock worth $59,000 after purchasing an additional 408 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Nestle by 412.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after purchasing an additional 751 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Nestle during the third quarter valued at about $125,000. Finally, IHT Wealth Management LLC bought a new stake in shares of Nestle in the second quarter valued at about $213,000. Institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NSRGY. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research note on Thursday, February 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nestle in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $91.00.

Nestle Stock Down 0.1%

OTCMKTS NSRGY opened at $101.92 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The stock’s 50 day moving average is $99.59 and its two-hundred day moving average is $97.67. Nestle SA has a 1-year low of $86.98 and a 1-year high of $109.59.

Nestle Company Profile

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.