Ramsay Stattman Vela & Price Inc. Trims Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Ramsay Stattman Vela & Price Inc. lowered its position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,165 shares of the company's stock after selling 14,795 shares during the period. Ramsay Stattman Vela & Price Inc.'s holdings in Nestlé were worth $5,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canopy Partners LLC boosted its stake in Nestlé by 3.0% in the third quarter. Canopy Partners LLC now owns 4,973 shares of the company's stock valued at $501,000 after acquiring an additional 147 shares in the last quarter. Studio Investment Management LLC boosted its stake in Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company's stock valued at $390,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in Nestlé in the third quarter valued at $36,000. Thompson Investment Management Inc. acquired a new position in Nestlé in the fourth quarter valued at $33,000. Finally, First Horizon Advisors Inc. boosted its stake in Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock valued at $130,000 after acquiring an additional 922 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

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

Nestlé Stock Up 3.5 %

OTCMKTS NSRGY traded up $3.24 during trading hours on Friday, hitting $95.08. 586,443 shares of the stock were exchanged, compared to its average volume of 966,157. 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 stock has a 50-day moving average of $84.41 and a 200 day moving average of $92.39.

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.