Councilmark Asset Management LLC Sells 275 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Councilmark Asset Management LLC lowered its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,748 shares of the company’s stock after selling 275 shares during the quarter. Councilmark Asset Management LLC’s holdings in Nestlé were worth $470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Douglass Winthrop Advisors LLC raised its holdings in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after buying an additional 10,523 shares during the last quarter. Altrius Capital Management Inc raised its holdings in Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock valued at $6,429,000 after buying an additional 9,381 shares during the last quarter. Saybrook Capital NC raised its holdings in Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after buying an additional 12,340 shares during the last quarter. Finally, Sustainable Growth Advisers LP raised its holdings in Nestlé by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock valued at $6,097,000 after buying an additional 28,040 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

Nestlé Trading Up 0.7 %

Shares of NSRGY stock opened at $103.46 on Wednesday. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $110.46. 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 firm has a 50 day moving average of $90.43 and a 200-day moving average of $91.75.

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.