Fayerweather Charles reduced its holdings in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,740 shares of the company’s stock after selling 3,860 shares during the period. NESTLE S A/S accounts for approximately 4.0% of Fayerweather Charles’ investment portfolio, making the stock its 6th biggest holding. Fayerweather Charles’ holdings in NESTLE S A/S were worth $2,252,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in NSRGY. Ruggie Capital Group bought a new position in NESTLE S A/S in the 2nd quarter valued at about $37,000. Lenox Wealth Management Inc. increased its stake in NESTLE S A/S by 40.0% in the 2nd quarter. Lenox Wealth Management Inc. now owns 882 shares of the company’s stock valued at $91,000 after buying an additional 252 shares during the last quarter. Abner Herrman & Brock LLC purchased a new stake in NESTLE S A/S in the 2nd quarter valued at about $204,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in NESTLE S A/S in the 2nd quarter valued at about $206,000. Finally, Chickasaw Capital Management LLC purchased a new stake in NESTLE S A/S in the 2nd quarter valued at about $207,000. 1.32% of the stock is currently owned by institutional investors.
Shares of NSRGY stock traded up $0.05 during trading hours on Friday, hitting $104.48. 195,483 shares of the company were exchanged, compared to its average volume of 440,453. The firm has a fifty day simple moving average of $106.57 and a 200 day simple moving average of $104.38. NESTLE S A/S has a 52-week low of $78.62 and a 52-week high of $114.87. The stock has a market capitalization of $320.47 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.50 and a beta of 0.42.
Several research firms have commented on NSRGY. Royal Bank of Canada lowered shares of NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, September 25th. Zacks Investment Research upgraded shares of NESTLE S A/S from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Deutsche Bank lowered shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, ValuEngine lowered shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $108.00.
NESTLE S A/S Company Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
Further Reading: Book Value Of Equity Per Share – BVPS Explained
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