Hemenway Trust Co LLC Lowers Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Hemenway Trust Co LLC decreased its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 244,295 shares of the company’s stock after selling 12,869 shares during the quarter. Nestlé makes up 2.1% of Hemenway Trust Co LLC’s holdings, making the stock its 24th largest holding. Hemenway Trust Co LLC’s holdings in Nestlé were worth $25,028,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NSRGY. Vestor Capital LLC lifted its stake in Nestlé by 242.9% in the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after purchasing an additional 945 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its stake in Nestlé by 0.5% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock worth $110,087,000 after purchasing an additional 4,923 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new stake in Nestlé in the 4th quarter worth $483,000. Partners Capital Investment Group LLP lifted its stake in Nestlé by 5.1% in the 4th quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock worth $274,000 after purchasing an additional 115 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. lifted its stake in Nestlé by 4.8% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. UBS Group downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. downgraded shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Finally, Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, Nestlé has an average rating of “Hold”.

Nestlé Trading Down 0.6 %

NSRGY stock traded down $0.68 during mid-day trading on Friday, reaching $104.60. The company had a trading volume of 1,865,534 shares, compared to its average volume of 713,409. The firm has a 50 day moving average of $103.65 and a 200 day moving average of $104.45. Nestlé S.A. has a 12 month low of $99.02 and a 12 month high of $119.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

Nestlé 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.