Nestle SA $NSRGY Stock Holdings Boosted by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its holdings in Nestle SA (OTCMKTS:NSRGY) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,011,074 shares of the company’s stock after purchasing an additional 6,798 shares during the quarter. Nestle accounts for 1.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 24th largest position. Douglas Lane & Associates LLC’s holdings in Nestle were worth $91,785,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ramsay Stattman Vela & Price Inc. boosted its position in shares of Nestle by 0.5% during the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 60,336 shares of the company’s stock valued at $6,196,000 after acquiring an additional 290 shares during the last quarter. Mengis Capital Management Inc. grew its holdings in shares of Nestle by 11.4% during the fourth quarter. Mengis Capital Management Inc. now owns 46,175 shares of the company’s stock valued at $4,561,000 after buying an additional 4,740 shares during the last quarter. Opal Capital LLC bought a new stake in shares of Nestle in the first quarter worth approximately $3,398,000. Diversified Trust Co boosted its holdings in shares of Nestle by 32.4% in the first quarter. Diversified Trust Co now owns 20,221 shares of the company’s stock worth $1,973,000 after buying an additional 4,951 shares during the last quarter. Finally, Somerville Kurt F purchased a new position in Nestle during the second quarter valued at approximately $2,071,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NSRGY. Jefferies Financial Group raised shares of Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Thursday, July 2nd. Finally, Erste Group Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Nestle has an average rating of “Hold”.

Nestle Stock Performance

Shares of NSRGY traded down $0.72 on Friday, hitting $91.41. 543,631 shares of the stock traded hands, compared to its average volume of 423,807. Nestle SA has a 1 year low of $89.50 and a 1 year high of $109.59. The stock’s 50 day moving average is $96.06 and its two-hundred day moving average is $98.78.

Nestle Profile

Nestlé SA is a Switzerland-based food and beverage company that develops, manufactures and markets products across categories including coffee, bottled water, dairy, confectionery, prepared foods, nutrition and pet care. Its portfolio includes internationally recognized brands such as Nescafé, Nespresso, KitKat, Purina, Nestlé Health Science and Maggi.

The company traces its origins to the 19th century, when Henri Nestlé developed an infant cereal, and to the Anglo-Swiss Condensed Milk Company.