Somerville Kurt F Sells 18,635 Shares of Nestle SA $NSRGY

Somerville Kurt F lessened its stake in Nestle SA (OTCMKTS:NSRGY) by 31.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,832 shares of the company’s stock after selling 18,635 shares during the period. Somerville Kurt F’s holdings in Nestle were worth $3,655,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NSRGY. Moloney Securities Asset Management LLC purchased a new stake in shares of Nestle during the second quarter valued at approximately $465,000. Verity Asset Management Inc. raised its holdings in Nestle by 4.2% during the 2nd quarter. Verity Asset Management Inc. now owns 4,747 shares of the company’s stock valued at $471,000 after buying an additional 190 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Nestle by 37.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after buying an additional 167 shares during the period. Horrell Capital Management Inc. grew its holdings in Nestle by 2.2% in the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock worth $2,716,000 after acquiring an additional 597 shares during the last quarter. Finally, Mar Vista Investment Partners LLC increased its position in shares of Nestle by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 57,337 shares of the company’s stock valued at $5,695,000 after acquiring an additional 2,229 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSRGY has been the subject of a number of analyst reports. Berenberg Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Nestle currently has a consensus rating of “Hold” and an average price target of $91.00.

Nestle Stock Performance

NSRGY stock traded down $1.72 during midday trading on Friday, reaching $103.00. The company’s stock had a trading volume of 13,689 shares, compared to its average volume of 494,569. Nestle SA has a 1 year low of $86.98 and a 1 year high of $109.31. The stock has a fifty day simple moving average of $97.74 and a two-hundred day simple moving average of $96.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.