Nestle SA $NSRGY Shares Purchased by Douglass Winthrop Advisors LLC

Key Points

• Douglass Winthrop Advisors LLC increased its holdings in Nestle SA by 2.4% during the first quarter, bringing its total investment to approximately $102.30 million. This investment constitutes 1.9% of its overall portfolio, making Nestle its 22nd largest holding.
• As of August 1st, Jefferies Financial Group upgraded Nestle from "underperform" to a "hold" rating, with Nestle currently holding a consensus rating of "Hold" and a price target of $91.00.
• Institutional investors currently own about 0.61% of Nestle's stock, with several new stakes being established in the recent quarter by multiple hedge funds.

Douglass Winthrop Advisors LLC lifted its holdings in Nestle SA (OTCMKTS:NSRGY - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,011,125 shares of the company's stock after buying an additional 23,692 shares during the quarter. Nestle makes up about 1.9% of Douglass Winthrop Advisors LLC's portfolio, making the stock its 22nd biggest position. Douglass Winthrop Advisors LLC's holdings in Nestle were worth $102,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSRGY. Corient IA LLC bought a new position in Nestle in the 1st quarter valued at $505,000. Mengis Capital Management Inc. grew its holdings in shares of Nestle by 25.5% in the first quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company's stock worth $4,246,000 after purchasing an additional 8,520 shares during the last quarter. Elefante Mark B purchased a new position in Nestle in the 4th quarter worth about $1,527,000. Altrius Capital Management Inc lifted its holdings in Nestle by 3.5% during the 1st quarter. Altrius Capital Management Inc now owns 81,440 shares of the company's stock valued at $8,239,000 after buying an additional 2,753 shares in the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new stake in Nestle in the 4th quarter valued at about $822,000. 0.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nestle currently has an average rating of "Hold" and a consensus price target of $91.00.

Nestle Stock Performance

Shares of NSRGY traded down $0.65 during trading hours on Wednesday, hitting $92.25. The company had a trading volume of 270,860 shares, compared to its average volume of 679,339. The company's fifty day moving average price is $94.62 and its two-hundred day moving average price is $99.41. Nestle SA has a one year low of $80.11 and a one year high of $109.31. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41.

Nestle 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.