Bristol John W & Co. Inc. NY cut its stake in Nestle SA (OTCMKTS:NSRGY) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,501,873 shares of the company’s stock after selling 52,577 shares during the period. Nestle SA accounts for 3.3% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 2nd largest position. Bristol John W & Co. Inc. NY’s holdings in Nestle SA were worth $118,598,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NSRGY. FTB Advisors Inc. raised its position in Nestle SA by 3.5% in the second quarter. FTB Advisors Inc. now owns 1,572 shares of the company’s stock worth $120,000 after buying an additional 53 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new position in Nestle SA during the second quarter worth $150,000. Advisor Partners LLC bought a new position in Nestle SA during the second quarter worth $219,000. First National Trust Co. bought a new position in Nestle SA during the second quarter worth $271,000. Finally, HighPoint Advisor Group LLC raised its position in Nestle SA by 46.0% in the second quarter. HighPoint Advisor Group LLC now owns 3,443 shares of the company’s stock worth $273,000 after buying an additional 1,085 shares during the last quarter. 1.57% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Nestle SA (OTCMKTS:NSRGY)

Shares of Nestle SA (OTCMKTS:NSRGY) traded down 1.07% during mid-day trading on Friday, reaching $67.84. The company’s stock had a trading volume of 2,037,954 shares. The company has a 50-day moving average price of $73.98 and a 200 day moving average price of $76.57. Nestle SA has a 52-week low of $67.73 and a 52-week high of $83.25. The company has a market cap of $209.29 billion, a PE ratio of 24.17 and a beta of 0.73.

NSRGY has been the subject of a number of recent research reports. RBC Capital Markets restated a “top pick” rating on shares of Nestle SA in a research report on Thursday, September 8th. Deutsche Bank AG upgraded Nestle SA from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. Credit Suisse Group AG restated an “underperform” rating on shares of Nestle SA in a research report on Friday, November 4th. Royal Bank Of Canada upgraded Nestle SA from an “outperform” rating to a “top pick” rating in a research report on Thursday, September 8th. Finally, Goldman Sachs Group Inc. upgraded Nestle SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.00.

Nestle SA Company Profile

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.

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