Notis McConarty Edward Decreases Position in Nestle SA $NSRGY

Notis McConarty Edward decreased its stake in Nestle SA (OTCMKTS:NSRGY) by 39.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,750 shares of the company’s stock after selling 11,034 shares during the period. Notis McConarty Edward’s holdings in Nestle were worth $1,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Douglass Winthrop Advisors LLC boosted its holdings in Nestle by 2.4% in the first quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company’s stock valued at $102,296,000 after purchasing an additional 23,692 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its holdings in Nestle by 79.7% in the first quarter. Azimuth Capital Investment Management LLC now owns 47,430 shares of the company’s stock valued at $4,789,000 after purchasing an additional 21,036 shares during the last quarter. Mengis Capital Management Inc. boosted its holdings in Nestle by 25.5% in the first quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company’s stock valued at $4,246,000 after purchasing an additional 8,520 shares during the last quarter. Corient IA LLC purchased a new position in Nestle in the first quarter valued at about $505,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Nestle by 114.9% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,269 shares of the company’s stock valued at $918,000 after purchasing an additional 4,955 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Stock Performance

Shares of OTCMKTS NSRGY opened at $93.41 on Thursday. The stock’s 50 day moving average price is $91.33 and its two-hundred day moving average price is $98.33. Nestle SA has a 52-week low of $80.11 and a 52-week high of $109.31.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NSRGY. Jefferies Financial Group raised Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.00.

About Nestle

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.