First Manhattan CO. LLC. Trims Holdings in Nestle SA $NSRGY

First Manhattan CO. LLC. lessened its holdings in shares of Nestle SA (OTCMKTS:NSRGY) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 727,782 shares of the company’s stock after selling 22,506 shares during the period. First Manhattan CO. LLC.’s holdings in Nestle were worth $71,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC grew its holdings in shares of Nestle by 3.6% during the 4th quarter. Douglas Lane & Associates LLC now owns 957,576 shares of the company’s stock worth $95,171,000 after acquiring an additional 33,232 shares during the period. Ramirez Asset Management Inc. grew its holdings in shares of Nestle by 88.8% during the 3rd quarter. Ramirez Asset Management Inc. now owns 57,151 shares of the company’s stock worth $5,249,000 after acquiring an additional 26,888 shares during the period. Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Nestle by 57.1% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 37,160 shares of the company’s stock worth $3,671,000 after acquiring an additional 13,510 shares during the period. OLD National Bancorp IN purchased a new position in shares of Nestle during the 4th quarter worth approximately $227,000. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of Nestle by 106.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,669 shares of the company’s stock worth $560,000 after acquiring an additional 2,919 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Stock Performance

Nestle stock opened at $98.25 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.47 and a current ratio of 0.79. The stock’s 50 day moving average is $99.67 and its 200 day moving average is $99.21. Nestle SA has a twelve month low of $86.98 and a twelve month high of $109.59.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NSRGY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Nestle in a report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Nestle in a report on Monday, February 23rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nestle currently has an average rating of “Hold”.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.