Douglas Lane & Associates LLC Acquires 6,798 Shares of Nestle SA $NSRGY

Douglas Lane & Associates LLC grew its holdings in Nestle SA (OTCMKTS:NSRGY) by 0.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,011,074 shares of the company’s stock after buying an additional 6,798 shares during the quarter. Nestle comprises approximately 1.1% of Douglas Lane & Associates LLC’s portfolio, making the stock its 24th largest holding. Douglas Lane & Associates LLC’s holdings in Nestle were worth $91,785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ramsay Stattman Vela & Price Inc. lifted its stake in Nestle by 0.5% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 60,336 shares of the company’s stock valued at $6,196,000 after buying an additional 290 shares in the last quarter. Mengis Capital Management Inc. boosted its position in Nestle by 11.4% in the fourth quarter. Mengis Capital Management Inc. now owns 46,175 shares of the company’s stock valued at $4,561,000 after buying an additional 4,740 shares in the last quarter. Opal Capital LLC bought a new stake in Nestle during the 1st quarter worth approximately $3,398,000. Somerville Kurt F bought a new position in Nestle during the 2nd quarter worth approximately $2,071,000. Finally, Diversified Trust Co boosted its holdings in shares of Nestle by 32.4% during the 1st quarter. Diversified Trust Co now owns 20,221 shares of the company’s stock worth $1,973,000 after buying an additional 4,951 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Nestle Stock Performance

Shares of NSRGY stock traded down $0.72 during mid-day trading on Friday, hitting $91.41. 543,631 shares of the stock traded hands, compared to its average volume of 423,807. The stock’s fifty day moving average is $96.06 and its two-hundred day moving average is $98.78. Nestle SA has a 52-week low of $89.50 and a 52-week high of $109.59.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NSRGY shares. Erste Group Bank raised Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research report on Thursday, July 2nd. Finally, Jefferies Financial Group upgraded shares of Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Nestle

Nestlé SA is a Switzerland-based food and beverage company that develops, manufactures and markets products across categories including coffee, bottled water, dairy, confectionery, prepared foods, nutrition and pet care. Its portfolio includes internationally recognized brands such as Nescafé, Nespresso, KitKat, Purina, Nestlé Health Science and Maggi.

The company traces its origins to the 19th century, when Henri Nestlé developed an infant cereal, and to the Anglo-Swiss Condensed Milk Company.