Ramsay Stattman Vela & Price Inc. Sells 6,582 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Ramsay Stattman Vela & Price Inc. reduced its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,960 shares of the company's stock after selling 6,582 shares during the quarter. Nestlé comprises about 1.6% of Ramsay Stattman Vela & Price Inc.'s portfolio, making the stock its 24th biggest position. Ramsay Stattman Vela & Price Inc.'s holdings in Nestlé were worth $8,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in shares of Nestlé during the 2nd quarter worth approximately $9,577,000. Douglas Lane & Associates LLC raised its position in shares of Nestlé by 9.9% during the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company's stock valued at $87,887,000 after acquiring an additional 77,885 shares during the last quarter. Rodgers Brothers Inc. lifted its stake in shares of Nestlé by 225.4% in the 1st quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company's stock valued at $3,292,000 after purchasing an additional 21,450 shares during the period. Henry James International Management Inc. boosted its position in shares of Nestlé by 89.6% in the 1st quarter. Henry James International Management Inc. now owns 23,471 shares of the company's stock worth $2,493,000 after purchasing an additional 11,093 shares during the last quarter. Finally, Altrius Capital Management Inc grew its stake in shares of Nestlé by 11.9% during the second quarter. Altrius Capital Management Inc now owns 67,703 shares of the company's stock worth $6,936,000 after purchasing an additional 7,200 shares during the period. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestlé Trading Down 2.0 %

Shares of Nestlé stock traded down $1.95 on Tuesday, reaching $95.60. 454,295 shares of the company were exchanged, compared to its average volume of 754,331. Nestlé S.A. has a one year low of $95.51 and a one year high of $117.55. The company has a 50-day moving average of $101.18 and a 200 day moving average of $102.78.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSRGY. Berenberg Bank downgraded shares of Nestlé from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Jefferies Financial Group raised Nestlé from an "underperform" rating to a "hold" rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut Nestlé from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Citigroup cut Nestlé from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada raised Nestlé from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently 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.