Stonebridge Capital Management Inc. Sells 200 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Stonebridge Capital Management Inc. cut its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,642 shares of the company’s stock after selling 200 shares during the period. Stonebridge Capital Management Inc.’s holdings in Nestlé were worth $2,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NSRGY. Douglass Winthrop Advisors LLC increased its holdings in shares of Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of Nestlé by 6.4% in the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after purchasing an additional 55,367 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Nestlé by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock worth $9,792,000 after purchasing an additional 3,787 shares during the last quarter. Altrius Capital Management Inc increased its holdings in shares of Nestlé by 2.4% in the third quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock worth $6,977,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Saybrook Capital NC increased its holdings in shares of Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after purchasing an additional 6,742 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Nestlé Price Performance

NSRGY stock opened at $80.42 on Thursday. Nestlé S.A. has a 52-week low of $80.30 and a 52-week high of $115.91. The company’s 50-day simple moving average is $84.71 and its 200-day simple moving average is $95.58.

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.