Puzo Michael J cut its stake in Nestle SA (OTCMKTS:NSRGY - Free Report) by 34.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,784 shares of the company's stock after selling 26,330 shares during the period. Nestle accounts for about 1.4% of Puzo Michael J's portfolio, making the stock its 29th largest position. Puzo Michael J's holdings in Nestle were worth $5,037,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Douglas Lane & Associates LLC raised its position in Nestle by 11.4% during the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock worth $99,294,000 after buying an additional 100,767 shares during the last quarter. GAMMA Investing LLC raised its position in Nestle by 23,819.2% during the 1st quarter. GAMMA Investing LLC now owns 417,630 shares of the company's stock worth $42,252,000 after buying an additional 415,884 shares during the last quarter. Altrius Capital Management Inc raised its position in Nestle by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after buying an additional 9,381 shares during the last quarter. Saybrook Capital NC raised its position in Nestle by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock worth $6,188,000 after buying an additional 12,340 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in Nestle by 0.3% during the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock worth $6,102,000 after buying an additional 239 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.
Nestle Stock Down 2.1%
OTCMKTS NSRGY traded down $2.15 on Friday, hitting $99.43. The company had a trading volume of 386,887 shares, compared to its average volume of 613,718. The company's fifty day moving average price is $105.09 and its 200-day moving average price is $95.82. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. Nestle SA has a 12-month low of $80.11 and a 12-month high of $109.31.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. BNP Paribas downgraded shares of Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley downgraded shares of Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price target on the stock. in a report on Friday, April 4th. Finally, Royal Bank Of Canada downgraded shares of Nestle from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $91.00.
View Our Latest Report on Nestle
Nestle Company Profile
(
Free Report)
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.
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