Douglas Lane & Associates LLC Sells 33,859 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Douglas Lane & Associates LLC decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 882,559 shares of the company's stock after selling 33,859 shares during the quarter. Nestlé makes up approximately 1.0% of Douglas Lane & Associates LLC's holdings, making the stock its 29th biggest holding. Douglas Lane & Associates LLC's holdings in Nestlé were worth $72,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Douglass Winthrop Advisors LLC boosted its stake in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock valued at $104,417,000 after purchasing an additional 24,826 shares during the period. Mengis Capital Management Inc. boosted its position in shares of Nestlé by 304.3% during the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock worth $2,230,000 after buying an additional 16,671 shares during the period. Altrius Capital Management Inc grew its holdings in Nestlé by 11.9% in the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company's stock worth $6,936,000 after buying an additional 7,200 shares in the last quarter. Saybrook Capital NC increased its position in Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock valued at $6,383,000 after acquiring an additional 6,742 shares during the period. Finally, ORG Partners LLC raised its stake in Nestlé by 225.7% during the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company's stock valued at $876,000 after acquiring an additional 6,032 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Stock Performance

NSRGY stock traded up $0.14 during trading hours on Wednesday, hitting $82.65. The company's stock had a trading volume of 840,463 shares, compared to its average volume of 1,024,493. The stock has a 50 day moving average price of $85.99 and a two-hundred day moving average price of $96.36. Nestlé S.A. has a 12 month low of $80.84 and a 12 month high of $116.03.

Analysts Set New Price Targets

NSRGY has been the subject of a number of research reports. Royal Bank of Canada raised Nestlé from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 18th. Citigroup cut Nestlé from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group upgraded shares of Nestlé to a "strong-buy" rating in a research report on Tuesday, December 17th. Morgan Stanley raised shares of Nestlé from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group lowered shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Nestlé presently has an average rating of "Hold".

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.