Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lessened its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 987,433 shares of the company’s stock after selling 49,308 shares during the period. Nestlé accounts for approximately 1.6% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Douglass Winthrop Advisors LLC’s holdings in Nestlé were worth $80,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of Nestlé during the third quarter valued at approximately $36,000. Thompson Investment Management Inc. bought a new position in Nestlé during the 4th quarter worth $33,000. Flagship Wealth Advisors LLC acquired a new stake in Nestlé in the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé in the fourth quarter valued at $45,000. Finally, First Horizon Advisors Inc. grew its position in shares of 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 during the last quarter. Institutional investors own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NSRGY. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Nestlé Price Performance

Shares of OTCMKTS:NSRGY opened at $103.51 on Friday. The company has a 50 day moving average of $91.24 and a 200-day moving average of $91.91. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46.

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.