Hemenway Trust Co LLC Has $23.35 Million Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Hemenway Trust Co LLC lessened its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,804 shares of the company's stock after selling 12,491 shares during the quarter. Nestlé accounts for about 1.8% of Hemenway Trust Co LLC's investment portfolio, making the stock its 24th largest position. Hemenway Trust Co LLC's holdings in Nestlé were worth $23,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC grew its position in shares of Nestlé by 7.1% in the third quarter. Chartwell Investment Partners LLC now owns 49,222 shares of the company's stock valued at $4,958,000 after purchasing an additional 3,271 shares during the last quarter. Saybrook Capital NC raised its holdings in Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock valued at $6,383,000 after acquiring an additional 6,742 shares during the period. Eagle Bay Advisors LLC bought a new position in Nestlé in the third quarter valued at $365,000. ORG Partners LLC boosted its holdings in shares of Nestlé by 225.7% during the third quarter. ORG Partners LLC now owns 8,704 shares of the company's stock worth $876,000 after purchasing an additional 6,032 shares during the period. Finally, Douglas Lane & Associates LLC increased its stake in shares of Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company's stock valued at $92,299,000 after purchasing an additional 55,367 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NSRGY shares. Royal Bank of Canada upgraded shares of Nestlé from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 18th. UBS Group downgraded shares of Nestlé from a "buy" rating to a "neutral" rating in a report on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an "underperform" rating to a "hold" rating in a research report on Wednesday, July 31st. Morgan Stanley downgraded shares of Nestlé from an "equal weight" rating to an "underweight" rating in a research note on Monday, September 16th. Finally, Barclays reiterated an "equal weight" rating on shares of Nestlé in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Nestlé currently has a consensus rating of "Hold".

Nestlé Price Performance

Nestlé stock traded down $1.04 during midday trading on Tuesday, hitting $88.50. The company's stock had a trading volume of 2,273,297 shares, compared to its average volume of 785,377. Nestlé S.A. has a 12 month low of $87.89 and a 12 month high of $117.55. The stock's 50-day moving average price is $98.70 and its 200-day moving average price is $102.13.

About Nestlé

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.