Councilmark Asset Management LLC Has $470,000 Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Councilmark Asset Management LLC lowered its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,748 shares of the company’s stock after selling 275 shares during the quarter. Councilmark Asset Management LLC’s holdings in Nestlé were worth $470,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Douglass Winthrop Advisors LLC grew its position in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares during the period. Hantz Financial Services Inc. grew its position in Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after purchasing an additional 10,523 shares during the period. Altrius Capital Management Inc grew its position in Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock valued at $6,429,000 after purchasing an additional 9,381 shares during the period. Saybrook Capital NC grew its position in Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after purchasing an additional 12,340 shares during the period. Finally, Sustainable Growth Advisers LP grew its position in Nestlé by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock valued at $6,097,000 after purchasing an additional 28,040 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NSRGY. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nestlé Stock Up 0.7 %

OTCMKTS NSRGY opened at $103.46 on Wednesday. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The business’s fifty day moving average is $90.43 and its 200-day moving average is $91.75.

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.