Hemenway Trust Co LLC Has $6.57 Million Stake in Nestle SA (OTCMKTS:NSRGY)

Hemenway Trust Co LLC lessened its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 59.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,887 shares of the company’s stock after selling 93,859 shares during the period. Hemenway Trust Co LLC’s holdings in Nestle were worth $6,565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NSRGY. Ameriflex Group Inc. acquired a new stake in Nestle in the fourth quarter valued at approximately $26,000. Flagship Wealth Advisors LLC acquired a new stake in Nestle in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Nestle during the 4th quarter valued at $45,000. Murphy & Mullick Capital Management Corp acquired a new position in Nestle during the fourth quarter worth $49,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in Nestle during the first quarter worth $223,000. 0.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. BNP Paribas cut Nestle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Royal Bank Of Canada downgraded shares of Nestle from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Finally, Morgan Stanley downgraded shares of Nestle from an “equal weight” rating to an “underweight” rating and set a $91.00 target price for the company. in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, Nestle currently has a consensus rating of “Hold” and a consensus target price of $91.00.

Nestle Price Performance

Shares of OTCMKTS NSRGY opened at $101.25 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. Nestle SA has a fifty-two week low of $80.11 and a fifty-two week high of $109.31. The stock has a fifty day moving average of $105.22 and a 200-day moving average of $95.51.

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.