Schulhoff & Co. Inc. Decreases Stock Holdings in Nestle SA $NSRGY

Schulhoff & Co. Inc. trimmed its holdings in Nestle SA (OTCMKTS:NSRGY) by 7.1% during the second quarter, HoldingsChannel reports. The firm owned 5,252 shares of the company’s stock after selling 400 shares during the period. Schulhoff & Co. Inc.’s holdings in Nestle were worth $520,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Nestle by 136.4% in the 1st quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock valued at $418,000 after acquiring an additional 2,382 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock valued at $45,000 after acquiring an additional 312 shares during the period. Core Alternative Capital purchased a new stake in shares of Nestle in the 1st quarter valued at approximately $29,000. Canopy Partners LLC raised its stake in shares of Nestle by 6.3% in the 1st quarter. Canopy Partners LLC now owns 5,180 shares of the company’s stock valued at $524,000 after acquiring an additional 309 shares during the period. Finally, North Star Asset Management Inc. raised its stake in shares of Nestle by 13.8% in the 1st quarter. North Star Asset Management Inc. now owns 6,179 shares of the company’s stock valued at $625,000 after acquiring an additional 750 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSRGY has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating on shares of Nestle in a report on Monday, October 6th. Jefferies Financial Group upgraded shares of Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nestle currently has a consensus rating of “Hold” and an average target price of $91.00.

Nestle Trading Down 2.6%

Shares of OTCMKTS:NSRGY opened at $103.26 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71. Nestle SA has a twelve month low of $80.11 and a twelve month high of $109.31. The firm has a 50 day simple moving average of $93.22 and a 200-day simple moving average of $98.13.

Nestle 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.