Hemenway Trust Co LLC Sells 93,859 Shares of Nestle SA (OTCMKTS:NSRGY)

Hemenway Trust Co LLC cut its position in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 59.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,887 shares of the company's stock after selling 93,859 shares during the period. Hemenway Trust Co LLC's holdings in Nestle were worth $6,565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSRGY. DF Dent & Co. Inc. increased its holdings in shares of Nestle by 193.6% during the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock valued at $588,000 after acquiring an additional 4,742 shares during the last quarter. Elefante Mark B acquired a new stake in Nestle in the 4th quarter valued at approximately $1,527,000. Minot DeBlois Advisors LLC acquired a new stake in Nestle in the 4th quarter valued at approximately $822,000. Douglas Lane & Associates LLC grew its holdings in Nestle by 11.4% in the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock valued at $99,294,000 after buying an additional 100,767 shares during the last quarter. Finally, Altrius Capital Management Inc grew its holdings in shares of Nestle by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after purchasing an additional 9,381 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestle Price Performance

Shares of Nestle stock traded up $0.33 during midday trading on Thursday, hitting $101.58. 2,140,503 shares of the company were exchanged, compared to its average volume of 630,860. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. Nestle SA has a 52 week low of $80.11 and a 52 week high of $109.31. The firm has a 50 day simple moving average of $105.24 and a 200-day simple moving average of $95.55.

Analyst Ratings Changes

NSRGY has been the topic of several recent research reports. Morgan Stanley lowered Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective on the stock. in a report on Friday, April 4th. BNP Paribas lowered Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada lowered Nestle from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Two 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 stock. Based on data from MarketBeat.com, Nestle presently has a consensus rating of "Hold" and an average target price of $91.00.

Nestle 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.