Douglass Winthrop Advisors LLC Cuts Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Douglass Winthrop Advisors LLC cut its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. 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 holdings, 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 large investors have also made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after buying an additional 10,523 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Nestlé during the 4th quarter worth $386,000. Altrius Capital Management Inc increased its holdings in Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock valued at $6,429,000 after purchasing an additional 9,381 shares in the last quarter. Saybrook Capital NC raised its position in Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after purchasing an additional 12,340 shares during the period. Finally, Sustainable Growth Advisers LP lifted its stake in shares of Nestlé by 60.2% during the fourth quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after purchasing an additional 28,040 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NSRGY has been the topic of several analyst reports. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned 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, Nestlé currently has an average rating of “Hold”.

Nestlé Trading Up 1.1 %

NSRGY stock opened at $103.51 on Friday. 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 $91.24 and a 200-day simple moving average of $91.91. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46.

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.