Nestle SA $NSRGY Holdings Lowered by Delaney Dennis R

Key Points

• Delaney Dennis R reduced its holdings in Nestle SA by 16.5% during the 2nd quarter, bringing its total shares down to 21,905 with a value of approximately $2.18 million.
• Institutional investors have shown varying interest in Nestle, with some firms like Douglass Winthrop Advisors and Azimuth Capital significantly increasing their stakes earlier this year.
• Current trading sees Nestle shares at $94.31, with a consensus rating of "Hold" and an average target price of $91.00 according to analysts.

Delaney Dennis R trimmed its holdings in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 16.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,905 shares of the company's stock after selling 4,315 shares during the period. Delaney Dennis R's holdings in Nestle were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NSRGY. Douglass Winthrop Advisors LLC boosted its position in Nestle by 2.4% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company's stock worth $102,296,000 after acquiring an additional 23,692 shares during the period. Azimuth Capital Investment Management LLC boosted its position in Nestle by 79.7% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 47,430 shares of the company's stock worth $4,789,000 after acquiring an additional 21,036 shares during the period. Mengis Capital Management Inc. boosted its position in Nestle by 25.5% during the 1st quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company's stock worth $4,246,000 after acquiring an additional 8,520 shares during the period. Ramirez Asset Management Inc. boosted its position in Nestle by 24.7% during the 2nd quarter. Ramirez Asset Management Inc. now owns 30,263 shares of the company's stock worth $2,997,000 after acquiring an additional 5,985 shares during the period. Finally, Corient IA LLC acquired a new stake in Nestle during the 1st quarter worth about $505,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestle Trading Up 1.9%

Shares of OTCMKTS NSRGY opened at $94.31 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41. The business's 50-day simple moving average is $91.59 and its 200-day simple moving average is $98.18. Nestle SA has a 52 week low of $80.11 and a 52 week high of $109.31.

Wall Street Analysts Forecast Growth

NSRGY has been the subject of a number of research reports. Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an "underweight" rating on shares of Nestle in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.

Want to see what other hedge funds are holding NSRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nestle SA (OTCMKTS:NSRGY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.