Pettee Investors Inc. Has $2.91 Million Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Pettee Investors Inc. trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,196 shares of the company’s stock after selling 215 shares during the period. Nestlé accounts for approximately 1.5% of Pettee Investors Inc.’s holdings, making the stock its 19th largest holding. Pettee Investors Inc.’s holdings in Nestlé were worth $2,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Douglass Winthrop Advisors LLC boosted its position in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Nestlé in the 4th quarter valued at $1,932,000. Mengis Capital Management Inc. boosted its position in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the last quarter. SVB Wealth LLC bought a new position in Nestlé in the 4th quarter valued at $906,000. Finally, Hantz Financial Services Inc. boosted its position in Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after buying an additional 10,523 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Up 2.5 %

NSRGY stock opened at $101.92 on Friday. The business’s 50-day moving average price is $87.66 and its two-hundred day moving average price is $92.02. 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 1-year low of $80.11 and a 1-year high of $110.46.

Wall Street Analyst Weigh In

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