Delaney Dennis R raised its position in Nestle SA (OTCMKTS:NSRGY) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,170 shares of the company’s stock after buying an additional 191 shares during the period. Nestle SA comprises about 4.2% of Delaney Dennis R’s investment portfolio, making the stock its 8th largest position. Delaney Dennis R’s holdings in Nestle SA were worth $1,989,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in NSRGY. Point View Wealth Management Inc. boosted its stake in Nestle SA by 0.5% in the third quarter. Point View Wealth Management Inc. now owns 10,244 shares of the company’s stock worth $809,000 after buying an additional 52 shares during the period. FTB Advisors Inc. boosted its stake in Nestle SA by 3.5% in the second quarter. FTB Advisors Inc. now owns 1,572 shares of the company’s stock worth $120,000 after buying an additional 53 shares during the period. Union Bankshares Corp boosted its stake in Nestle SA by 0.3% in the third quarter. Union Bankshares Corp now owns 25,154 shares of the company’s stock worth $1,986,000 after buying an additional 81 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in Nestle SA by 1.0% in the third quarter. Canandaigua National Bank & Trust Co. now owns 8,128 shares of the company’s stock worth $642,000 after buying an additional 82 shares during the period. Finally, Associated Banc Corp boosted its stake in Nestle SA by 0.8% in the second quarter. Associated Banc Corp now owns 11,058 shares of the company’s stock worth $853,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 1.54% of the company’s stock.
Shares of Nestle SA (OTCMKTS:NSRGY) opened at 73.48 on Monday. The firm’s 50-day moving average is $72.99 and its 200-day moving average is $74.85. Nestle SA has a one year low of $66.08 and a one year high of $83.25. The company has a market cap of $226.69 billion, a PE ratio of 26.11 and a beta of 0.71.
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A number of research firms recently commented on NSRGY. Zacks Investment Research cut shares of Nestle SA from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Nestle SA in a report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Nestle SA has an average rating of “Buy” and an average target price of $89.00.
About Nestle SA
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.
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