Bowen Hanes & Co. Inc. Sells 8,031 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Bowen Hanes & Co. Inc. lowered its holdings in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 50.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,005 shares of the company's stock after selling 8,031 shares during the period. Bowen Hanes & Co. Inc.'s holdings in Nestlé were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Douglass Winthrop Advisors LLC grew its holdings in Nestlé by 2.5% during the third 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. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nestlé during the 4th quarter worth $1,932,000. Mengis Capital Management Inc. increased its holdings in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock worth $2,230,000 after acquiring an additional 16,671 shares during the last quarter. Saybrook Capital NC raised its stake in Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after acquiring an additional 12,340 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of Nestlé in the fourth quarter worth about $906,000. Institutional investors own 0.61% of the company's stock.

Wall Street Analyst Weigh In

NSRGY has been the subject of a number of recent analyst reports. BNP Paribas upgraded shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a "strong-buy" rating in a research report on Tuesday, December 17th. Jefferies Financial Group cut Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Nestlé has a consensus rating of "Hold".

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Nestlé Stock Performance

Shares of OTCMKTS:NSRGY traded up $1.63 during trading on Monday, hitting $102.70. The company's stock had a trading volume of 1,735,252 shares, compared to its average volume of 872,679. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The company has a 50-day moving average of $89.59 and a 200-day moving average of $91.81.

About Nestlé

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.