Pettee Investors Inc. Has $2.18 Million Position in Nestle SA (OTCMKTS:NSRGY)

Pettee Investors Inc. lowered its position in Nestle SA (OTCMKTS:NSRGY - Free Report) by 38.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,566 shares of the company's stock after selling 13,630 shares during the quarter. Nestle accounts for approximately 1.3% of Pettee Investors Inc.'s investment portfolio, making the stock its 26th largest position. Pettee Investors Inc.'s holdings in Nestle were worth $2,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DF Dent & Co. Inc. boosted its holdings in shares of Nestle by 193.6% during the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock worth $588,000 after buying an additional 4,742 shares in the last quarter. Elefante Mark B bought a new position in shares of Nestle in the 4th quarter worth $1,527,000. Altrius Capital Management Inc lifted its holdings in shares of Nestle by 3.5% in the 1st quarter. Altrius Capital Management Inc now owns 81,440 shares of the company's stock worth $8,239,000 after purchasing an additional 2,753 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Nestle in the 4th quarter worth $822,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Nestle by 136.4% in the 1st quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock worth $418,000 after purchasing an additional 2,382 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

NSRGY has been the topic of a number of recent research reports. Morgan Stanley cut Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 target price on the stock. in a report on Friday, April 4th. Royal Bank Of Canada cut Nestle from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Finally, BNP Paribas cut Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $91.00.

Nestle Stock Up 0.8%

Shares of OTCMKTS:NSRGY opened at $96.38 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.41. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31. The stock's fifty day moving average price is $102.45 and its 200-day moving average price is $97.63.

About Nestle

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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