Dempze Nancy E Sells 11,927 Shares of Nestle SA (OTCMKTS:NSRGY)

Dempze Nancy E lowered its holdings in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 57.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,991 shares of the company's stock after selling 11,927 shares during the period. Dempze Nancy E's holdings in Nestle were worth $910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NSRGY. Murphy & Mullick Capital Management Corp acquired a new position in shares of Nestle during the fourth quarter worth $49,000. Ramirez Asset Management Inc. lifted its holdings in Nestle by 5,901.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock valued at $2,068,000 after acquiring an additional 24,609 shares during the last quarter. DF Dent & Co. Inc. lifted its stake in Nestle by 193.6% during the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock valued at $588,000 after buying an additional 4,742 shares in the last quarter. Beck Mack & Oliver LLC lifted its stake in Nestle by 10.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 18,240 shares of the company's stock valued at $1,490,000 after buying an additional 1,790 shares in the last quarter. Finally, Cheviot Value Management LLC increased its holdings in shares of Nestle by 23.1% in the 4th quarter. Cheviot Value Management LLC now owns 5,624 shares of the company's stock valued at $459,000 after purchasing an additional 1,057 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Trading Down 1.1%

NSRGY stock traded down $1.02 during trading hours on Friday, hitting $92.33. 913,279 shares of the stock were exchanged, compared to its average volume of 407,938. Nestle SA has a 12 month low of $80.11 and a 12 month high of $109.31. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.41. The company has a 50-day simple moving average of $101.44 and a two-hundred day simple moving average of $98.30.

Analysts Set New Price Targets

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