Hemenway Trust Co LLC Has $1.61 Million Holdings in Nestle SA $NSRGY

Hemenway Trust Co LLC trimmed its position in Nestle SA (OTCMKTS:NSRGY) by 53.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,546 shares of the company’s stock after selling 19,826 shares during the quarter. Hemenway Trust Co LLC’s holdings in Nestle were worth $1,610,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Moloney Securities Asset Management LLC bought a new stake in shares of Nestle in the 2nd quarter valued at $465,000. Verity Asset Management Inc. increased its stake in Nestle by 4.2% during the 2nd quarter. Verity Asset Management Inc. now owns 4,747 shares of the company’s stock valued at $471,000 after purchasing an additional 190 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Nestle by 37.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after acquiring an additional 167 shares in the last quarter. Horrell Capital Management Inc. lifted its stake in Nestle by 2.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock valued at $2,716,000 after acquiring an additional 597 shares in the last quarter. Finally, Mar Vista Investment Partners LLC grew its holdings in shares of Nestle by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 57,337 shares of the company’s stock valued at $5,695,000 after acquiring an additional 2,229 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Price Performance

Shares of NSRGY opened at $104.72 on Friday. The stock’s 50 day moving average is $97.74 and its two-hundred day moving average is $96.01. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41. Nestle SA has a 12 month low of $86.98 and a 12 month high of $109.31.

Wall Street Analyst Weigh In

NSRGY has been the subject of several recent research reports. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Thursday, February 12th. Berenberg Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nestle presently has a consensus rating of “Hold” and an average target price of $91.00.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.