Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. cut its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,581 shares of the company’s stock after selling 2,980 shares during the quarter. Horrell Capital Management Inc.’s holdings in Nestlé were worth $2,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NSRGY. Eagle Bay Advisors LLC acquired a new stake in Nestlé in the third quarter valued at $365,000. ORG Partners LLC lifted its holdings in Nestlé by 225.7% in the third quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock valued at $876,000 after acquiring an additional 6,032 shares during the period. Douglas Lane & Associates LLC lifted its holdings in Nestlé by 6.4% in the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after acquiring an additional 55,367 shares during the period. Avity Investment Management Inc. lifted its holdings in Nestlé by 93.5% in the third quarter. Avity Investment Management Inc. now owns 10,785 shares of the company’s stock valued at $1,086,000 after acquiring an additional 5,210 shares during the period. Finally, Diversified Trust Co lifted its holdings in Nestlé by 10.9% in the third quarter. Diversified Trust Co now owns 7,355 shares of the company’s stock valued at $741,000 after acquiring an additional 725 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Up 0.2 %

NSRGY traded up $0.19 during midday trading on Tuesday, hitting $97.55. The company’s stock had a trading volume of 401,160 shares, compared to its average volume of 755,774. The firm has a 50-day moving average price of $101.18 and a two-hundred day moving average price of $102.78. Nestlé S.A. has a 52-week low of $96.36 and a 52-week high of $117.55.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company 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.