Nestle SA $NSRGY Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. decreased its holdings in shares of Nestle SA (OTCMKTS:NSRGY) by 26.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 892,482 shares of the company’s stock after selling 324,410 shares during the quarter. First Manhattan CO. LLC.’s holdings in Nestle were worth $90,292,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ancora Advisors LLC lifted its position in Nestle by 0.3% in the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock valued at $6,102,000 after purchasing an additional 239 shares during the period. Elefante Mark B acquired a new stake in Nestle in the fourth quarter valued at about $1,527,000. Minot DeBlois Advisors LLC acquired a new stake in Nestle in the fourth quarter valued at about $822,000. Studio Investment Management LLC lifted its position in Nestle by 2.9% in the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock valued at $326,000 after purchasing an additional 112 shares during the period. Finally, North Star Asset Management Inc. lifted its position in Nestle by 4.4% in the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Trading Up 0.9%

NSRGY opened at $94.12 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. The stock’s 50 day simple moving average is $94.16 and its 200 day simple moving average is $99.61. Nestle SA has a 1-year low of $80.11 and a 1-year high of $109.31.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Nestle from an “underperform” rating to a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.00.

Nestle 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.