Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Hendley & Co. Inc.

Hendley & Co. Inc. lowered its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,075 shares of the company’s stock after selling 1,050 shares during the quarter. Hendley & Co. Inc.’s holdings in Nestlé were worth $578,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. 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. raised its position in shares of Nestlé by 304.3% during the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after acquiring an additional 16,671 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after purchasing an additional 10,523 shares during the period. Saybrook Capital NC boosted its holdings in shares of Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after buying an additional 6,742 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Nestlé during the fourth quarter valued at approximately $386,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSRGY has been the subject of several recent research reports. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Nestlé Stock Performance

Shares of NSRGY stock opened at $97.79 on Tuesday. The stock has a 50-day simple moving average of $84.71 and a 200 day simple moving average of $92.21. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

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.