Douglass Winthrop Advisors LLC Increases Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Douglass Winthrop Advisors LLC grew its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,036,741 shares of the company's stock after purchasing an additional 24,826 shares during the quarter. Nestlé makes up about 2.0% of Douglass Winthrop Advisors LLC's portfolio, making the stock its 21st largest position. Douglass Winthrop Advisors LLC's holdings in Nestlé were worth $104,417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NSRGY. First Horizon Advisors Inc. boosted its stake in Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock worth $130,000 after acquiring an additional 922 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Nestlé during the second quarter worth $134,000. Front Row Advisors LLC boosted its stake in Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company's stock worth $239,000 after acquiring an additional 1,888 shares in the last quarter. GAMMA Investing LLC boosted its stake in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company's stock worth $254,000 after acquiring an additional 949 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Nestlé during the second quarter worth $262,000. 0.61% of the stock is owned by institutional investors.

Nestlé Price Performance

OTCMKTS:NSRGY traded up $0.26 on Monday, reaching $85.34. 1,413,450 shares of the company's stock were exchanged, compared to its average volume of 808,783. Nestlé S.A. has a 52 week low of $85.01 and a 52 week high of $117.55. The stock has a fifty day simple moving average of $95.25 and a 200-day simple moving average of $101.10.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NSRGY. Jefferies Financial Group upgraded shares of Nestlé from an "underperform" rating to a "hold" rating in a report on Wednesday, July 31st. Citigroup downgraded shares of Nestlé from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Barclays reiterated an "equal weight" rating on shares of Nestlé in a report on Monday, September 9th. Royal Bank of Canada upgraded shares of Nestlé from a "sector perform" rating to an "outperform" rating in a report on Friday, October 18th. Finally, Morgan Stanley downgraded shares of Nestlé from an "equal weight" rating to an "underweight" rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold".

Nestlé 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.