Canopy Partners LLC Acquires 147 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Canopy Partners LLC increased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,973 shares of the company’s stock after buying an additional 147 shares during the period. Canopy Partners LLC’s holdings in Nestlé were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Douglas Lane & Associates LLC boosted its holdings in shares of Nestlé by 6.4% in the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after buying an additional 55,367 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Nestlé in the second quarter valued at approximately $9,577,000. Ramsay Stattman Vela & Price Inc. grew its holdings in Nestlé by 2.0% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock worth $9,481,000 after purchasing an additional 1,855 shares during the last quarter. Spinnaker Trust increased its position in shares of Nestlé by 1.3% during the second quarter. Spinnaker Trust now owns 73,786 shares of the company’s stock worth $7,531,000 after purchasing an additional 960 shares in the last quarter. Finally, Altrius Capital Management Inc lifted its holdings in shares of Nestlé by 2.4% during the 3rd quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after purchasing an additional 1,603 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley downgraded shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. 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. Finally, Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nestlé Stock Down 0.7 %

Nestlé stock opened at $85.08 on Friday. Nestlé S.A. has a 52 week low of $85.01 and a 52 week high of $117.55. The business’s 50-day moving average price is $95.60 and its 200 day moving average price is $101.25.

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.