Delaney Dennis R Decreases Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Delaney Dennis R reduced its position in Nestlé S.A. (OTCMKTS:NSRGY) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,257 shares of the company’s stock after selling 230 shares during the quarter. Nestlé comprises approximately 2.8% of Delaney Dennis R’s investment portfolio, making the stock its 19th biggest holding. Delaney Dennis R’s holdings in Nestlé were worth $5,149,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in Nestlé by 0.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after purchasing an additional 113 shares during the period. Partners Capital Investment Group LLP raised its position in Nestlé by 5.1% during the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after acquiring an additional 115 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its holdings in Nestlé by 4.8% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock valued at $330,000 after acquiring an additional 130 shares during the period. Horrell Capital Management Inc. boosted its position in Nestlé by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 29,371 shares of the company’s stock worth $3,122,000 after purchasing an additional 147 shares in the last quarter. Finally, Violich Capital Management Inc. grew its stake in shares of Nestlé by 3.2% during the 1st quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock worth $541,000 after purchasing an additional 157 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Price Performance

NSRGY opened at $101.22 on Thursday. The business’s 50 day moving average price is $103.71 and its 200 day moving average price is $104.14. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. Nestlé S.A. has a one year low of $99.02 and a one year high of $119.52.

Analyst Ratings Changes

A number of research firms have weighed in on NSRGY. JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays reiterated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Finally, UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, Nestlé 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.