Ramsay Stattman Vela & Price Inc. Has $5.82 Million Stock Position in Nestle SA $NSRGY

Ramsay Stattman Vela & Price Inc. lowered its position in Nestle SA (OTCMKTS:NSRGY) by 8.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,443 shares of the company’s stock after selling 6,037 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in Nestle were worth $5,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Common Asset Management LLC bought a new position in shares of Nestle in the 3rd quarter worth $4,259,000. Douglas Lane & Associates LLC raised its holdings in Nestle by 5.0% during the third quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company’s stock worth $84,889,000 after buying an additional 44,185 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Nestle by 281.9% in the third quarter. Diversified Trust Co now owns 13,234 shares of the company’s stock valued at $1,215,000 after buying an additional 9,769 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in shares of Nestle by 24.7% in the second quarter. Ramirez Asset Management Inc. now owns 30,263 shares of the company’s stock valued at $2,997,000 after buying an additional 5,985 shares in the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Nestle during the second quarter valued at about $465,000. Institutional investors own 0.61% of the company’s stock.

Nestle Trading Up 1.1%

Shares of NSRGY stock opened at $98.28 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average of $96.70 and a 200-day moving average of $95.20. Nestle SA has a one year low of $84.72 and a one year high of $109.31.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nestle presently has an average rating of “Hold” and an average target price of $91.00.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.