First Manhattan CO. LLC. Cuts Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

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

Other large investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new stake in shares of Nestlé during the 4th quarter valued at about $33,000. Thompson Investment Management Inc. bought a new stake in shares of Nestlé during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Nestlé during the 4th quarter valued at about $45,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Nestlé during the 4th quarter valued at about $49,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Nestlé during the 4th quarter valued at about $386,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestlé Stock Performance

Shares of NSRGY traded up $0.67 during midday trading on Friday, hitting $105.59. The stock had a trading volume of 462,081 shares, compared to its average volume of 792,420. Nestlé S.A. has a 1 year low of $80.11 and a 1 year high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The stock's 50 day moving average is $103.23 and its 200 day moving average is $92.73.

Wall Street Analyst Weigh In

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