Canandaigua National Bank & Trust Co. Has $1.68 Million Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Canandaigua National Bank & Trust Co. decreased its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,753 shares of the company’s stock after selling 444 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Nestlé were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Nestlé by 6.4% in the third quarter. Rhumbline Advisers now owns 54,964 shares of the company’s stock valued at $6,220,000 after acquiring an additional 3,295 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its position in shares of Nestlé by 2.9% during the third quarter. Azimuth Capital Investment Management LLC now owns 35,231 shares of the company’s stock worth $3,995,000 after purchasing an additional 1,000 shares in the last quarter. Rodgers Brothers Inc. boosted its position in shares of Nestlé by 11.7% during the third quarter. Rodgers Brothers Inc. now owns 9,518 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,000 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Nestlé during the third quarter worth $82,000. Finally, Kidder Stephen W boosted its position in shares of Nestlé by 1.7% during the third quarter. Kidder Stephen W now owns 74,496 shares of the company’s stock worth $8,431,000 after purchasing an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NSRGY shares. JPMorgan Chase & Co. lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $153.00.

Nestlé Trading Up 0.2 %

Shares of OTCMKTS NSRGY traded up $0.21 during midday trading on Tuesday, reaching $106.96. 313,093 shares of the company were exchanged, compared to its average volume of 551,991. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The stock’s 50-day moving average price is $103.82 and its 200-day moving average price is $108.20. Nestlé S.A. has a one year low of $99.04 and a one year high of $125.41.

Nestlé Company Profile

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.