Nestle SA $NSRGY Shares Sold by Notis McConarty Edward

Notis McConarty Edward trimmed its stake in Nestle SA (OTCMKTS:NSRGY) by 39.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,750 shares of the company’s stock after selling 11,034 shares during the quarter. Notis McConarty Edward’s holdings in Nestle were worth $1,664,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital acquired a new position in Nestle in the first quarter valued at $29,000. First Horizon Advisors Inc. increased its stake in Nestle by 232.8% in the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock valued at $45,000 after purchasing an additional 312 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Nestle in the first quarter valued at $95,000. Sawyer & Company Inc acquired a new position in Nestle in the first quarter valued at $132,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in Nestle in the first quarter valued at $223,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestle Trading Up 0.4%

Shares of OTCMKTS:NSRGY opened at $93.41 on Thursday. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31. The stock has a 50-day simple moving average of $91.33 and a 200-day simple moving average of $98.33.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NSRGY shares. Jefferies Financial Group upgraded Nestle from an “underperform” rating to a “hold” rating in a research note on Friday, August 1st. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.