Bowen Hanes & Co. Inc. Has $654,000 Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Bowen Hanes & Co. Inc. cut its position in Nestlé S.A. (OTCMKTS:NSRGY) by 50.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,005 shares of the company’s stock after selling 8,031 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Nestlé were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thompson Investment Management Inc. acquired a new position in shares of Nestlé during the fourth quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Nestlé during the third quarter worth approximately $36,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Nestlé during the fourth quarter worth approximately $45,000. First Horizon Advisors Inc. lifted 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 purchasing an additional 922 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Nestlé during the fourth quarter worth approximately $386,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Stock Down 0.1 %

NSRGY opened at $100.86 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The firm has a 50 day simple moving average of $88.83 and a 200 day simple moving average of $91.98. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46.

Wall Street Analyst Weigh In

NSRGY has been the topic of a number of research reports. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. 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 upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group downgraded shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Nestlé currently has a consensus rating of “Hold”.

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.