NORTHSTAR ASSET MANAGEMENT Co LLC Decreases Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

NORTHSTAR ASSET MANAGEMENT Co LLC reduced its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,940 shares of the company’s stock after selling 600 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Nestlé were worth $2,201,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Douglas Lane & Associates LLC raised its stake in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after acquiring an additional 55,367 shares in the last quarter. ORG Partners LLC raised its stake in Nestlé by 225.7% during the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock worth $876,000 after acquiring an additional 6,032 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Nestlé in the third quarter valued at $365,000. Saybrook Capital NC increased its stake in Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after purchasing an additional 6,742 shares during the period. Finally, Chartwell Investment Partners LLC increased its stake in Nestlé by 7.1% in the third quarter. Chartwell Investment Partners LLC now owns 49,222 shares of the company’s stock valued at $4,958,000 after purchasing an additional 3,271 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NSRGY has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Nestlé has an average rating of “Hold”.

Nestlé Stock Down 0.4 %

Shares of Nestlé stock opened at $85.00 on Monday. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $113.67. 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 company’s 50-day simple moving average is $83.39 and its 200-day simple moving average is $93.11.

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.