Nestlé S.A. (OTCMKTS:NSRGY) Shares Bought by Hemenway Trust Co LLC

Hemenway Trust Co LLC lifted its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,164 shares of the company’s stock after acquiring an additional 6,670 shares during the period. Nestlé makes up 2.4% of Hemenway Trust Co LLC’s portfolio, making the stock its 21st biggest position. Hemenway Trust Co LLC’s holdings in Nestlé were worth $27,311,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NSRGY. Confluence Investment Management LLC acquired a new stake in Nestlé during the 1st quarter valued at $111,100,000. Douglass Winthrop Advisors LLC grew its holdings in Nestlé by 0.5% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock valued at $110,087,000 after purchasing an additional 4,923 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in Nestlé by 3.7% during the 1st quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock valued at $83,255,000 after purchasing an additional 27,888 shares in the last quarter. Beach Investment Counsel Inc. PA grew its holdings in Nestlé by 15.2% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after purchasing an additional 25,203 shares in the last quarter. Finally, Broderick Brian C grew its holdings in Nestlé by 3.0% during the 4th quarter. Broderick Brian C now owns 98,429 shares of the company’s stock valued at $11,404,000 after purchasing an additional 2,880 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Up 0.6 %

OTCMKTS NSRGY traded up $0.63 during trading hours on Thursday, reaching $104.17. 283,366 shares of the company traded hands, compared to its average volume of 669,191. Nestlé S.A. has a 12 month low of $99.04 and a 12 month high of $125.41. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $104.53 and a two-hundred day moving average of $107.13.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

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.