Hemenway Trust Co LLC Reduces Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Hemenway Trust Co LLC cut its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 31.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,746 shares of the company's stock after selling 73,058 shares during the quarter. Hemenway Trust Co LLC's holdings in Nestlé were worth $12,970,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Sustainable Growth Advisers LP boosted its holdings 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. Ramirez Asset Management Inc. grew its position in Nestlé by 5,901.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock worth $2,068,000 after buying an additional 24,609 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Nestlé during the 4th quarter worth $1,932,000. Saybrook Capital NC raised its holdings 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 acquiring an additional 12,340 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its position in shares of Nestlé by 51.0% during the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock valued at $2,732,000 after acquiring an additional 11,295 shares during the period. Institutional investors and hedge funds own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

NSRGY has been the topic of several recent analyst reports. Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. Morgan Stanley downgraded Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research report on Friday, April 4th. BNP Paribas raised Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada cut Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $91.00.

Remove Ads

Nestlé Price Performance

Shares of OTCMKTS:NSRGY traded up $2.78 during mid-day trading on Thursday, hitting $100.71. 579,533 shares of the company traded hands, compared to its average volume of 881,962. The stock has a 50-day moving average price of $97.01 and a two-hundred day moving average price of $91.68. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Nestlé Company Profile

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.