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

Douglass Winthrop Advisors LLC trimmed its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 987,433 shares of the company's stock after selling 49,308 shares during the quarter. Nestlé accounts for 1.6% of Douglass Winthrop Advisors LLC's holdings, making the stock its 27th largest holding. Douglass Winthrop Advisors LLC's holdings in Nestlé were worth $80,673,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NSRGY. Sustainable Growth Advisers LP boosted its stake in shares of Nestlé by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock valued at $6,097,000 after purchasing an additional 28,040 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Nestlé in the 4th quarter valued at approximately $1,932,000. Saybrook Capital NC boosted its position in Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after buying an additional 12,340 shares in the last quarter. Mengis Capital Management Inc. grew its stake in shares of Nestlé by 51.0% during the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock worth $2,732,000 after buying an additional 11,295 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Nestlé during the fourth quarter worth $906,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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Nestlé Stock Down 0.8 %

Nestlé stock traded down $0.77 during midday trading on Tuesday, reaching $100.70. The stock had a trading volume of 322,361 shares, compared to its average volume of 951,005. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The firm's 50-day moving average price is $92.11 and its 200 day moving average price is $91.66.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley upgraded Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th. Jefferies Financial Group downgraded shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. BNP Paribas raised shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.