Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,216,892 shares of the company's stock after selling 395,826 shares during the period. First Manhattan CO. LLC.'s holdings in Nestlé were worth $99,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Flagship Wealth Advisors LLC purchased a new stake in shares of Nestlé during the fourth quarter valued at about $33,000. Thompson Investment Management Inc. purchased a new position in shares of Nestlé in the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Nestlé in the 4th quarter valued at approximately $45,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Nestlé in the 4th quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Nestlé in the 4th quarter valued at approximately $386,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Trading Down 1.1%

Shares of NSRGY stock traded down $1.08 on Wednesday, hitting $101.11. 325,523 shares of the stock traded hands, compared to its average volume of 782,447. The firm's 50-day moving average price is $103.34 and its two-hundred day moving average price is $92.82. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada lowered shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research report on Friday, April 4th. Finally, BNP Paribas downgraded shares of Nestlé from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nestlé has an average rating of "Hold" and an average price target of $91.00.

Nestlé 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.