Sky Investment Group LLC Decreases Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Sky Investment Group LLC decreased its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,837 shares of the company’s stock after selling 4,520 shares during the period. Nestlé makes up approximately 1.4% of Sky Investment Group LLC’s investment portfolio, making the stock its 25th biggest position. Sky Investment Group LLC’s holdings in Nestlé were worth $7,836,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NSRGY. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Nestlé by 4.8% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 23,983 shares of the company’s stock valued at $2,550,000 after purchasing an additional 1,108 shares during the last quarter. Violich Capital Management Inc. grew its position in Nestlé by 3.2% in the first quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock worth $541,000 after acquiring an additional 157 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. increased its stake in Nestlé by 3.6% during the first quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 20,800 shares of the company’s stock worth $2,209,000 after acquiring an additional 725 shares during the last quarter. Hendley & Co. Inc. raised its position in Nestlé by 0.6% during the first quarter. Hendley & Co. Inc. now owns 44,612 shares of the company’s stock valued at $4,738,000 after purchasing an additional 250 shares during the period. Finally, Hemenway Trust Co LLC boosted its holdings in shares of Nestlé by 2.7% in the 1st quarter. Hemenway Trust Co LLC now owns 257,164 shares of the company’s stock worth $27,311,000 after purchasing an additional 6,670 shares during the period. 0.61% of the stock is owned by institutional investors.

Nestlé Trading Up 0.5 %

NSRGY traded up $0.47 during trading on Tuesday, hitting $99.65. 1,861,266 shares of the stock were exchanged, compared to its average volume of 760,276. Nestlé S.A. has a 1 year low of $96.36 and a 1 year high of $117.55. The firm has a 50 day simple moving average of $101.70 and a 200 day simple moving average of $102.97.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NSRGY shares. Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Nestlé

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.