Hemenway Trust Co LLC Sells 12,491 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Hemenway Trust Co LLC decreased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,804 shares of the company’s stock after selling 12,491 shares during the period. Nestlé accounts for approximately 1.8% of Hemenway Trust Co LLC’s holdings, making the stock its 24th biggest holding. Hemenway Trust Co LLC’s holdings in Nestlé were worth $23,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSRGY. Hantz Financial Services Inc. bought a new stake in shares of Nestlé in the 2nd quarter worth about $9,577,000. Douglas Lane & Associates LLC raised its position in Nestlé by 9.9% in the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after purchasing an additional 77,885 shares during the period. Rodgers Brothers Inc. boosted its position in shares of Nestlé by 225.4% during the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock valued at $3,292,000 after buying an additional 21,450 shares during the period. Altrius Capital Management Inc grew its stake in shares of Nestlé by 11.9% during the second quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock valued at $6,936,000 after buying an additional 7,200 shares during the last quarter. Finally, Saybrook Capital NC raised its holdings in shares of Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after buying an additional 6,742 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Price Performance

Shares of NSRGY traded down $0.92 during mid-day trading on Tuesday, hitting $89.54. The company’s stock had a trading volume of 1,006,188 shares, compared to its average volume of 778,387. The company’s 50-day moving average is $98.70 and its 200-day moving average is $102.13. Nestlé S.A. has a 52-week low of $89.54 and a 52-week high of $117.55.

Analyst Upgrades and Downgrades

Several brokerages have commented on NSRGY. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.