Oxbow Advisors LLC decreased its holdings in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 73,299 shares of the company’s stock after selling 250 shares during the quarter. NESTLE S A/S comprises 0.9% of Oxbow Advisors LLC’s holdings, making the stock its 26th largest position. Oxbow Advisors LLC’s holdings in NESTLE S A/S were worth $7,935,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Advisor Partners LLC boosted its holdings in NESTLE S A/S by 5.0% in the third quarter. Advisor Partners LLC now owns 22,736 shares of the company’s stock worth $2,469,000 after acquiring an additional 1,086 shares in the last quarter. Rhumbline Advisers boosted its holdings in NESTLE S A/S by 13.0% in the third quarter. Rhumbline Advisers now owns 3,512 shares of the company’s stock worth $381,000 after acquiring an additional 404 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in NESTLE S A/S by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 34,679 shares of the company’s stock worth $3,744,000 after acquiring an additional 1,070 shares in the last quarter. Harbor Advisory Corp MA boosted its holdings in NESTLE S A/S by 3.0% in the third quarter. Harbor Advisory Corp MA now owns 4,242 shares of the company’s stock worth $460,000 after acquiring an additional 125 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its holdings in NESTLE S A/S by 1.4% in the third quarter. Moody Lynn & Lieberson LLC now owns 9,835 shares of the company’s stock worth $1,068,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 1.30% of the company’s stock.
Shares of NSRGY stock traded down $2.03 during trading hours on Friday, reaching $107.24. The company had a trading volume of 734,172 shares, compared to its average volume of 583,567. NESTLE S A/S has a 12 month low of $87.25 and a 12 month high of $114.87. The business has a fifty day simple moving average of $109.61 and a 200-day simple moving average of $107.73. The company has a market cap of $328.15 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.49 and a beta of 0.43.
Several brokerages have issued reports on NSRGY. Guggenheim began coverage on NESTLE S A/S in a report on Tuesday, January 14th. They issued a “buy” rating on the stock. Zacks Investment Research lowered NESTLE S A/S from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Jefferies Financial Group lowered NESTLE S A/S from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, BNP Paribas lowered NESTLE S A/S from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. NESTLE S A/S has an average rating of “Hold” and a consensus price target of $116.00.
About NESTLE S A/S
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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