Delaney Dennis R Has $734,000 Stake in Nestle SA $NSRGY

Delaney Dennis R cut its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 45.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,435 shares of the company’s stock after selling 6,125 shares during the quarter. Delaney Dennis R’s holdings in Nestle were worth $734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSRGY. IHT Wealth Management LLC acquired a new position in Nestle during the 2nd quarter worth about $213,000. PNC Financial Services Group Inc. lifted its holdings in Nestle by 10.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,363 shares of the company’s stock worth $400,000 after buying an additional 418 shares during the period. Studio Investment Management LLC lifted its holdings in Nestle by 4.4% during the 3rd quarter. Studio Investment Management LLC now owns 4,404 shares of the company’s stock worth $404,000 after buying an additional 187 shares during the period. Accent Capital Management LLC lifted its holdings in Nestle by 4.6% during the 3rd quarter. Accent Capital Management LLC now owns 2,345 shares of the company’s stock worth $215,000 after buying an additional 104 shares during the period. Finally, Beddow Capital Management Inc. lifted its holdings in Nestle by 6.6% during the 3rd quarter. Beddow Capital Management Inc. now owns 73,734 shares of the company’s stock worth $6,767,000 after buying an additional 4,544 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSRGY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Nestle in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nestle in a report on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nestle Stock Up 0.5%

Shares of OTCMKTS:NSRGY opened at $100.08 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.79 and a quick ratio of 0.47. The business’s 50-day moving average is $99.68 and its 200-day moving average is $99.22. Nestle SA has a 1 year low of $86.98 and a 1 year high of $109.59.

Nestle 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.