Virginia National Bank Reduces Position in NESTLE S A/S (OTCMKTS:NSRGY)

Virginia National Bank lessened its holdings in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,609 shares of the company’s stock after selling 282 shares during the quarter. Virginia National Bank’s holdings in NESTLE S A/S were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Marietta Wealth Management LLC lifted its stake in shares of NESTLE S A/S by 3.0% during the 2nd quarter. Marietta Wealth Management LLC now owns 27,595 shares of the company’s stock valued at $2,853,000 after buying an additional 812 shares in the last quarter. Bowen Hanes & Co. Inc. lifted its stake in shares of NESTLE S A/S by 5.5% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 430,220 shares of the company’s stock valued at $44,485,000 after buying an additional 22,485 shares in the last quarter. Hemenway Trust Co LLC lifted its stake in shares of NESTLE S A/S by 0.7% during the 2nd quarter. Hemenway Trust Co LLC now owns 182,481 shares of the company’s stock valued at $18,869,000 after buying an additional 1,240 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in shares of NESTLE S A/S by 1.7% during the 2nd quarter. Congress Asset Management Co. MA now owns 68,393 shares of the company’s stock valued at $7,089,000 after buying an additional 1,128 shares in the last quarter. Finally, Abbrea Capital LLC lifted its stake in shares of NESTLE S A/S by 76.6% during the 2nd quarter. Abbrea Capital LLC now owns 16,134 shares of the company’s stock valued at $1,668,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 1.32% of the company’s stock.

A number of research firms recently weighed in on NSRGY. ValuEngine cut shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada cut shares of NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, September 25th. HSBC began coverage on shares of NESTLE S A/S in a research note on Thursday, June 27th. They set a “hold” rating on the stock. Finally, Deutsche Bank cut shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.00.

OTCMKTS:NSRGY traded up $0.27 during mid-day trading on Wednesday, hitting $106.44. 224,964 shares of the stock traded hands, compared to its average volume of 387,346. The stock has a market capitalization of $325.00 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 2.62 and a beta of 0.42. NESTLE S A/S has a 52 week low of $78.62 and a 52 week high of $114.87. The firm’s 50 day moving average is $109.19 and its two-hundred day moving average is $103.23.

NESTLE S A/S Profile

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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