Hemenway Trust Co LLC Decreases Stake in Nestle SA (OTCMKTS:NSRGY)

Hemenway Trust Co LLC decreased its position in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 59.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 64,887 shares of the company's stock after selling 93,859 shares during the quarter. Hemenway Trust Co LLC's holdings in Nestle were worth $6,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in Nestle in the 4th quarter worth about $26,000. Flagship Wealth Advisors LLC bought a new position in Nestle in the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Nestle in the 4th quarter worth about $45,000. Murphy & Mullick Capital Management Corp bought a new position in Nestle in the 4th quarter worth about $49,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Nestle in the 1st quarter worth about $223,000. Institutional investors own 0.61% of the company's stock.

Nestle Price Performance

Shares of OTCMKTS NSRGY traded down $2.15 during trading hours on Friday, reaching $99.43. 386,887 shares of the stock traded hands, compared to its average volume of 613,718. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. Nestle SA has a 52-week low of $80.11 and a 52-week high of $109.31. The company's 50-day simple moving average is $105.09 and its two-hundred day simple moving average is $95.82.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BNP Paribas cut 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 price target on the stock. in a report on Friday, April 4th. Finally, Royal Bank Of Canada cut 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 issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.