Williams Jones Wealth Management LLC. Sells 1,215 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Williams Jones Wealth Management LLC. cut its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,564 shares of the company’s stock after selling 1,215 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Nestlé were worth $863,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Hantz Financial Services Inc. increased its stake in Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after purchasing an additional 10,523 shares in the last quarter. Altrius Capital Management Inc increased its stake in Nestlé by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after purchasing an additional 9,381 shares in the last quarter. Saybrook Capital NC increased its stake in Nestlé by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock worth $6,188,000 after purchasing an additional 12,340 shares in the last quarter. Ancora Advisors LLC increased its stake in Nestlé by 0.3% during the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock worth $6,102,000 after purchasing an additional 239 shares in the last quarter. Finally, Sustainable Growth Advisers LP boosted its position in Nestlé by 60.2% during the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after acquiring an additional 28,040 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BNP Paribas downgraded Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price target for the company. in a research report on Friday, April 4th. Finally, Royal Bank of Canada downgraded Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.00.

Nestlé Stock Performance

NSRGY opened at $106.12 on Wednesday. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The stock has a fifty day moving average of $103.58 and a 200-day moving average of $93.11.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.