Delaney Dennis R Has $2.65 Million Stock Position in Nestle SA (OTCMKTS:NSRGY)

Delaney Dennis R trimmed its holdings in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 48.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,220 shares of the company's stock after selling 24,417 shares during the quarter. Nestle comprises 1.4% of Delaney Dennis R's portfolio, making the stock its 29th biggest holding. Delaney Dennis R's holdings in Nestle were worth $2,653,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of Nestle in the fourth quarter valued at about $26,000. Core Alternative Capital bought a new stake in shares of Nestle in the first quarter valued at about $29,000. First Horizon Advisors Inc. lifted its stake in shares of Nestle by 232.8% in the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after buying an additional 312 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Nestle in the fourth quarter valued at about $49,000. Finally, ORG Wealth Partners LLC bought a new position in Nestle during the first quarter worth about $95,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on NSRGY shares. BNP Paribas cut shares of Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Morgan Stanley lowered shares of Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nestle has an average rating of "Hold" and an average price target of $91.00.

Nestle Stock Down 1.1%

OTCMKTS:NSRGY traded down $1.02 on Friday, hitting $92.33. The company had a trading volume of 913,279 shares, compared to its average volume of 407,938. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. The firm has a 50 day moving average of $101.44 and a two-hundred day moving average of $98.30. Nestle SA has a 52 week low of $80.11 and a 52 week high of $109.31.

Nestle 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.