Ramsay Stattman Vela & Price Inc. Cuts Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Ramsay Stattman Vela & Price Inc. decreased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,165 shares of the company’s stock after selling 14,795 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Nestlé were worth $5,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NSRGY. Thompson Investment Management Inc. acquired a new stake in Nestlé in the 4th quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of Nestlé in the 3rd quarter valued at $36,000. First Horizon Advisors Inc. raised its stake in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after acquiring an additional 922 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Nestlé in the third quarter valued at $365,000. Finally, Nisa Investment Advisors LLC acquired a new position in Nestlé in the fourth quarter valued at $386,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nestlé Stock Down 0.5 %

Shares of NSRGY opened at $91.82 on Tuesday. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $113.67. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The stock’s fifty day simple moving average is $83.61 and its 200 day simple moving average is $92.61.

Nestlé Company 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.