Hemenway Trust Co LLC Sells 12,570 Shares of Nestle SA $NSRGY

Hemenway Trust Co LLC reduced its position in Nestle SA (OTCMKTS:NSRGY) by 71.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,976 shares of the company’s stock after selling 12,570 shares during the period. Hemenway Trust Co LLC’s holdings in Nestle were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NSRGY. Resources Management Corp CT ADV raised its stake in Nestle by 2,727.9% in the 3rd quarter. Resources Management Corp CT ADV now owns 65,042 shares of the company’s stock valued at $5,969,000 after acquiring an additional 62,742 shares during the period. Boston Common Asset Management LLC bought a new stake in Nestle in the 3rd quarter valued at about $4,259,000. Douglas Lane & Associates LLC raised its stake in Nestle by 3.6% in the 4th quarter. Douglas Lane & Associates LLC now owns 957,576 shares of the company’s stock valued at $95,171,000 after acquiring an additional 33,232 shares during the period. Ramirez Asset Management Inc. raised its stake in Nestle by 88.8% in the 3rd quarter. Ramirez Asset Management Inc. now owns 57,151 shares of the company’s stock valued at $5,249,000 after acquiring an additional 26,888 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. raised its stake in Nestle by 57.1% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 37,160 shares of the company’s stock valued at $3,671,000 after acquiring an additional 13,510 shares during the period. 0.61% of the stock is currently owned by institutional investors.

Nestle Stock Performance

Shares of OTCMKTS NSRGY opened at $99.43 on Wednesday. Nestle SA has a 12 month low of $86.98 and a 12 month high of $109.59. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.79 and a quick ratio of 0.47. The business has a 50-day moving average of $100.73 and a 200-day moving average of $99.33.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NSRGY shares. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a “hold” rating on shares of Nestle in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nestle currently has an average rating of “Hold”.

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.