Delaney Dennis R Sells 8,345 Shares of Nestle SA $NSRGY

Delaney Dennis R lessened its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 38.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Studio Investment Management LLC increased its holdings in shares of Nestle by 4.4% during the third quarter. Studio Investment Management LLC now owns 4,404 shares of the company’s stock valued at $404,000 after acquiring an additional 187 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Nestle by 10.6% in the third quarter. PNC Financial Services Group Inc. now owns 4,363 shares of the company’s stock valued at $400,000 after buying an additional 418 shares in the last quarter. Madison Asset Management LLC lifted its stake in shares of Nestle by 3.5% in the third quarter. Madison Asset Management LLC now owns 4,033 shares of the company’s stock valued at $370,000 after buying an additional 137 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its position in shares of Nestle by 175.1% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock worth $59,000 after acquiring an additional 408 shares in the last quarter. Finally, Altrius Capital Management Inc raised its holdings in shares of Nestle by 10.5% in the 3rd quarter. Altrius Capital Management Inc now owns 89,028 shares of the company’s stock worth $8,170,000 after acquiring an additional 8,433 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestle Stock Performance

NSRGY opened at $104.72 on Friday. Nestle SA has a fifty-two week low of $86.98 and a fifty-two week high of $109.31. The firm has a 50-day moving average of $97.74 and a 200 day moving average of $96.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71.

Analyst Ratings Changes

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

About Nestle

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.