Granite Investment Advisors LLC trimmed its position in Nestle SA (OTCMKTS:NSRGY) by 40.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,966 shares of the company’s stock after selling 28,709 shares during the quarter. Granite Investment Advisors LLC’s holdings in Nestle were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkshire Asset Management LLC PA acquired a new position in Nestle during the 4th quarter worth $920,000. Hikari Tsushin Inc. acquired a new stake in shares of Nestle in the third quarter valued at $539,000. Bridges Investment Management Inc. acquired a new stake in shares of Nestle in the fourth quarter valued at $516,000. South Texas Money Management Ltd. lifted its holdings in shares of Nestle by 1.4% in the fourth quarter. South Texas Money Management Ltd. now owns 381,323 shares of the company’s stock valued at $32,782,000 after buying an additional 5,088 shares during the period. Finally, Madison Investment Holdings Inc. lifted its holdings in shares of Nestle by 28.9% in the third quarter. Madison Investment Holdings Inc. now owns 370,912 shares of the company’s stock valued at $31,160,000 after buying an additional 83,054 shares during the period. Institutional investors and hedge funds own 1.36% of the company’s stock.
Shares of Nestle SA (OTCMKTS:NSRGY) traded up $0.14 during mid-day trading on Monday, reaching $80.64. The company’s stock had a trading volume of 182,636 shares, compared to its average volume of 535,495. The company has a current ratio of 0.79, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18. Nestle SA has a 12 month low of $74.29 and a 12 month high of $89.40.
Separately, Zacks Investment Research raised Nestle from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd.
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Nestle 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 operates in the United States, Greater China Region, Switzerland and Rest of the World.
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