Carret Asset Management LLC Sells 200 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Carret Asset Management LLC reduced its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,414 shares of the company’s stock after selling 200 shares during the quarter. Carret Asset Management LLC’s holdings in Nestlé were worth $2,056,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NSRGY. 1620 Investment Advisors Inc. bought a new position in Nestlé in the 2nd quarter valued at about $134,000. Front Row Advisors LLC lifted its holdings in Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the last quarter. GAMMA Investing LLC increased its position in Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after buying an additional 949 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Nestlé during the second quarter worth $262,000. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in shares of Nestlé in the second quarter valued at about $265,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on NSRGY shares. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Nestlé has an average rating of “Hold”.

Nestlé Stock Down 0.4 %

OTCMKTS:NSRGY opened at $97.36 on Friday. Nestlé S.A. has a twelve month low of $96.36 and a twelve month high of $117.55. The stock’s 50-day simple moving average is $101.31 and its 200 day simple moving average is $102.82.

Nestlé Company 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.