Nestle SA $NSRGY Shares Sold by Dempze Nancy E

Key Points

• Dempze Nancy E significantly reduced its stake in Nestle SA by 63.0%, selling 5,666 shares, leaving it with 3,325 shares valued at $330,000.
• Other institutional investors have increased their stakes, with FARMERS & MERCHANTS TRUST Co OF LONG BEACH raising its position by 114.9%, now owning 9,269 shares valued at $918,000.
• Nestle's shares recently traded at $93.41, with analysts giving an average rating of "Hold" and a consensus target price of $91.00.

Dempze Nancy E cut its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 63.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,325 shares of the company's stock after selling 5,666 shares during the period. Dempze Nancy E's holdings in Nestle were worth $330,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in Nestle by 114.9% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,269 shares of the company's stock worth $918,000 after acquiring an additional 4,955 shares during the period. GAMMA Investing LLC raised its position in shares of Nestle by 53.1% in the second quarter. GAMMA Investing LLC now owns 6,320 shares of the company's stock valued at $628,000 after buying an additional 2,192 shares during the last quarter. Diversified Trust Co raised its position in shares of Nestle by 5.2% in the second quarter. Diversified Trust Co now owns 3,465 shares of the company's stock valued at $343,000 after buying an additional 170 shares during the last quarter. Rhumbline Advisers raised its position in shares of Nestle by 6.7% in the first quarter. Rhumbline Advisers now owns 63,064 shares of the company's stock valued at $6,380,000 after buying an additional 3,964 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Nestle by 0.9% in the first quarter. Ancora Advisors LLC now owns 75,388 shares of the company's stock valued at $7,627,000 after buying an additional 703 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestle Stock Up 0.4%

Shares of NSRGY stock opened at $93.41 on Thursday. The company has a 50-day moving average of $91.33 and a two-hundred day moving average of $98.33. Nestle SA has a 1-year low of $80.11 and a 1-year high of $109.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NSRGY shares. Jefferies Financial Group upgraded shares of Nestle from an "underperform" rating to a "hold" rating in a research report on Friday, August 1st. Morgan Stanley reiterated an "underweight" rating on shares of Nestle in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Nestle currently has an average rating of "Hold" and a consensus 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.

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