Nestlé S.A. (OTCMKTS:NSRGY) Stake Lifted by OLD National Bancorp IN

OLD National Bancorp IN increased its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,653 shares of the company’s stock after acquiring an additional 720 shares during the period. OLD National Bancorp IN’s holdings in Nestlé were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NSRGY. Cullen Investment Group LTD. acquired a new stake in Nestlé during the fourth quarter valued at approximately $1,074,000. Spinnaker Trust lifted its position in shares of Nestlé by 5.1% in the 3rd quarter. Spinnaker Trust now owns 68,362 shares of the company’s stock valued at $7,752,000 after acquiring an additional 3,329 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Nestlé by 0.8% in the 4th quarter. Pacer Advisors Inc. now owns 24,744 shares of the company’s stock valued at $2,861,000 after acquiring an additional 190 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Nestlé in the 3rd quarter valued at approximately $656,000. Finally, Beach Investment Counsel Inc. PA lifted its position in shares of Nestlé by 15.2% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after acquiring an additional 25,203 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSRGY has been the topic of several analyst reports. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th. BNP Paribas lowered shares of Nestlé from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $153.00.

Nestlé Stock Up 0.0 %

OTCMKTS NSRGY opened at $103.03 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The company’s fifty day moving average is $105.54 and its two-hundred day moving average is $110.15. Nestlé S.A. has a 52-week low of $100.64 and a 52-week high of $131.64.

About Nestlé

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.