First Manhattan Co. Sells 55,072 Shares of NESTLE S A/S (NSRGY)

First Manhattan Co. decreased its stake in NESTLE S A/S (OTCMKTS:NSRGY) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,401,245 shares of the company’s stock after selling 55,072 shares during the period. NESTLE S A/S makes up 2.4% of First Manhattan Co.’s portfolio, making the stock its 5th biggest position. First Manhattan Co.’s holdings in NESTLE S A/S were worth $419,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Insight Partners LLC lifted its holdings in NESTLE S A/S by 1.3% during the 1st quarter. Capital Insight Partners LLC now owns 9,253 shares of the company’s stock worth $882,000 after buying an additional 116 shares during the last quarter. Roosevelt Investment Group Inc. raised its position in shares of NESTLE S A/S by 1.5% during the 4th quarter. Roosevelt Investment Group Inc. now owns 8,240 shares of the company’s stock worth $667,000 after purchasing an additional 125 shares during the period. Page Arthur B raised its position in shares of NESTLE S A/S by 0.4% during the 4th quarter. Page Arthur B now owns 32,582 shares of the company’s stock worth $2,638,000 after purchasing an additional 135 shares during the period. Fayerweather Charles raised its position in shares of NESTLE S A/S by 0.6% during the 4th quarter. Fayerweather Charles now owns 24,355 shares of the company’s stock worth $1,972,000 after purchasing an additional 140 shares during the period. Finally, Wellington Shields Capital Management LLC raised its position in shares of NESTLE S A/S by 1.7% during the 4th quarter. Wellington Shields Capital Management LLC now owns 8,755 shares of the company’s stock worth $709,000 after purchasing an additional 150 shares during the period. 1.38% of the stock is owned by institutional investors.

Several analysts recently commented on NSRGY shares. Bank of America started coverage on NESTLE S A/S in a research report on Friday, April 5th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded NESTLE S A/S from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Berenberg Bank upgraded NESTLE S A/S from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Societe Generale started coverage on NESTLE S A/S in a research report on Tuesday, January 29th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada cut NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 19th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. NESTLE S A/S presently has a consensus rating of “Buy” and a consensus price target of $103.50.

Shares of OTCMKTS NSRGY opened at $95.76 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.74. NESTLE S A/S has a 1 year low of $73.59 and a 1 year high of $96.99.

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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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Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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