CENTRAL TRUST Co Has $229,000 Position in NESTLE S A/S (NSRGY)

CENTRAL TRUST Co lowered its position in NESTLE S A/S (OTCMKTS:NSRGY) by 18.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,830 shares of the company’s stock after selling 626 shares during the period. CENTRAL TRUST Co’s holdings in NESTLE S A/S were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Colony Group LLC purchased a new stake in shares of NESTLE S A/S in the second quarter valued at about $207,000. Concentric Wealth Management LLC acquired a new stake in shares of NESTLE S A/S during the third quarter worth about $208,000. South State Corp acquired a new stake in shares of NESTLE S A/S during the third quarter worth about $209,000. Virginia National Bank acquired a new stake in shares of NESTLE S A/S during the third quarter worth about $253,000. Finally, Gillespie Robinson & Grimm Inc. lifted its position in shares of NESTLE S A/S by 23.3% during the third quarter. Gillespie Robinson & Grimm Inc. now owns 3,700 shares of the company’s stock worth $308,000 after purchasing an additional 700 shares in the last quarter. 1.35% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on NSRGY shares. UBS Group raised shares of NESTLE S A/S from a “neutral” rating to a “buy” rating in a report on Thursday, January 3rd. JPMorgan Chase & Co. set a $100.00 target price on shares of NESTLE S A/S and gave the company a “buy” rating in a report on Monday, December 10th. Morgan Stanley reaffirmed a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, October 16th. Jefferies Financial Group raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of NESTLE S A/S from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.50.

Shares of NESTLE S A/S stock opened at $84.51 on Friday. The company has a market capitalization of $260.61 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.08 and a beta of 0.48. NESTLE S A/S has a 52 week low of $73.59 and a 52 week high of $87.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.80.

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NESTLE S A/S Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

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Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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