Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC reduced its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,567 shares of the company’s stock after selling 198 shares during the period. Cheviot Value Management LLC’s holdings in Nestlé were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. purchased a new stake in shares of Nestlé during the second quarter valued at approximately $9,577,000. Douglas Lane & Associates LLC increased its stake in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after buying an additional 55,367 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after buying an additional 24,826 shares in the last quarter. Mengis Capital Management Inc. boosted its position in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the last quarter. Finally, Altrius Capital Management Inc grew its stake in shares of Nestlé by 11.9% during the second quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock valued at $6,936,000 after acquiring an additional 7,200 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NSRGY shares. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Nestlé Trading Up 0.5 %

NSRGY stock opened at $86.78 on Monday. Nestlé S.A. has a 1 year low of $85.01 and a 1 year high of $117.55. The stock’s fifty day moving average is $94.13 and its two-hundred day moving average is $100.58.

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.