Haverford Trust Co Trims Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Haverford Trust Co reduced its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,275 shares of the company’s stock after selling 659 shares during the quarter. Haverford Trust Co’s holdings in Nestlé were worth $3,249,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Chartwell Investment Partners LLC increased its position in shares of Nestlé by 7.1% in the third quarter. Chartwell Investment Partners LLC now owns 49,222 shares of the company’s stock valued at $4,958,000 after buying an additional 3,271 shares in the last quarter. Saybrook Capital NC increased its position in shares of Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after buying an additional 6,742 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Nestlé in the third quarter valued at approximately $365,000. ORG Partners LLC increased its position in shares of 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 buying an additional 6,032 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its position in shares of 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 buying an additional 55,367 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSRGY. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Nestlé Stock Down 1.0 %

Shares of Nestlé stock opened at $87.65 on Thursday. Nestlé S.A. has a 52 week low of $87.22 and a 52 week high of $117.55. The business’s fifty day simple moving average is $98.33 and its 200-day simple moving average is $102.04.

Nestlé 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.