Douglas Lane & Associates LLC Has $72.92 Million Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Douglas Lane & Associates LLC lessened its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 882,559 shares of the company’s stock after selling 33,859 shares during the period. Nestlé comprises 1.0% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 29th largest holding. Douglas Lane & Associates LLC’s holdings in Nestlé were worth $72,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NSRGY. Rhumbline Advisers boosted its position in shares of Nestlé by 6.5% in the second quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock worth $6,516,000 after buying an additional 3,909 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in Nestlé by 0.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock valued at $2,459,000 after acquiring an additional 113 shares in the last quarter. Vaughan David Investments LLC IL increased its holdings in shares of Nestlé by 12.4% in the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after purchasing an additional 300 shares during the period. Studio Investment Management LLC boosted its holdings in shares of Nestlé by 5.1% during the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after purchasing an additional 180 shares during the period. Finally, Altrius Capital Management Inc boosted its holdings in shares of Nestlé by 11.9% during the second quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after purchasing an additional 7,200 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Stock Up 0.8 %

Shares of OTCMKTS:NSRGY traded up $0.65 on Wednesday, hitting $82.51. The stock had a trading volume of 1,135,535 shares, compared to its average volume of 1,070,509. The firm’s 50 day moving average price is $85.99 and its 200-day moving average price is $96.36. Nestlé S.A. has a twelve month low of $80.84 and a twelve month high of $117.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

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.