Nestle SA $NSRGY Shares Sold by Dempze Nancy E

Dempze Nancy E lessened its holdings in shares of Nestle SA (OTCMKTS:NSRGY) by 63.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,325 shares of the company’s stock after selling 5,666 shares during the quarter. Dempze Nancy E’s holdings in Nestle were worth $330,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NSRGY. Douglass Winthrop Advisors LLC lifted its position in shares of Nestle by 2.4% during the first quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company’s stock worth $102,296,000 after purchasing an additional 23,692 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of Nestle by 79.7% during the first quarter. Azimuth Capital Investment Management LLC now owns 47,430 shares of the company’s stock worth $4,789,000 after purchasing an additional 21,036 shares in the last quarter. Mengis Capital Management Inc. lifted its position in shares of Nestle by 25.5% during the first quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company’s stock worth $4,246,000 after purchasing an additional 8,520 shares in the last quarter. Corient IA LLC acquired a new stake in shares of Nestle during the first quarter worth about $505,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in Nestle by 114.9% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,269 shares of the company’s stock valued at $918,000 after acquiring an additional 4,955 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Price Performance

NSRGY stock opened at $93.41 on Thursday. Nestle SA has a twelve month low of $80.11 and a twelve month high of $109.31. The company’s 50 day moving average is $91.33 and its two-hundred day moving average is $98.33.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NSRGY. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a report on Monday. Jefferies Financial Group raised shares of Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.00.

About Nestle

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.