Hemenway Trust Co LLC Decreases Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Hemenway Trust Co LLC decreased its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,295 shares of the company’s stock after selling 12,869 shares during the period. Nestlé accounts for 2.1% of Hemenway Trust Co LLC’s holdings, making the stock its 24th biggest position. Hemenway Trust Co LLC’s holdings in Nestlé were worth $25,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSRGY. Confluence Investment Management LLC purchased a new stake in Nestlé during the first quarter valued at approximately $111,100,000. Hantz Financial Services Inc. purchased a new position in shares of Nestlé in the second quarter worth $9,577,000. Douglas Lane & Associates LLC raised its holdings in shares of Nestlé by 9.9% in the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after buying an additional 77,885 shares during the last quarter. Rodgers Brothers Inc. raised its holdings in shares of Nestlé by 225.4% in the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock worth $3,292,000 after buying an additional 21,450 shares during the last quarter. Finally, Henry James International Management Inc. raised its holdings in shares of Nestlé by 89.6% in the first quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock worth $2,493,000 after buying an additional 11,093 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NSRGY shares. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY traded down $0.68 during midday trading on Friday, reaching $104.60. The company’s stock had a trading volume of 1,865,534 shares, compared to its average volume of 713,409. Nestlé S.A. has a twelve month low of $99.02 and a twelve month high of $119.94. The stock has a fifty day moving average of $103.65 and a 200 day moving average of $104.45. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

Nestlé 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.