Delaney Dennis R Reduces Holdings in Nestle SA $NSRGY

Delaney Dennis R lowered its position in Nestle SA (OTCMKTS:NSRGY) by 38.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,560 shares of the company’s stock after selling 8,345 shares during the quarter. Delaney Dennis R’s holdings in Nestle were worth $1,244,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Moloney Securities Asset Management LLC purchased a new position in shares of Nestle in the second quarter worth about $465,000. Verity Asset Management Inc. boosted its holdings in Nestle by 4.2% in the 2nd quarter. Verity Asset Management Inc. now owns 4,747 shares of the company’s stock worth $471,000 after buying an additional 190 shares during the period. First Horizon Advisors Inc. grew its stake in Nestle by 37.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after buying an additional 167 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in Nestle by 2.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock valued at $2,716,000 after acquiring an additional 597 shares during the period. Finally, Mar Vista Investment Partners LLC lifted its position in shares of Nestle by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 57,337 shares of the company’s stock worth $5,695,000 after acquiring an additional 2,229 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NSRGY has been the subject of several recent research reports. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research report on Thursday, February 12th. Berenberg Bank upgraded Nestle from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $91.00.

Nestle Trading Up 1.6%

Nestle stock opened at $104.72 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Nestle SA has a fifty-two week low of $86.98 and a fifty-two week high of $109.31. The firm’s fifty day moving average price is $97.74 and its 200-day moving average price is $96.01.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.