Notis McConarty Edward Sells 9,000 Shares of Nestle SA $NSRGY

Notis McConarty Edward cut its holdings in Nestle SA (OTCMKTS:NSRGY) by 53.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,750 shares of the company’s stock after selling 9,000 shares during the quarter. Notis McConarty Edward’s holdings in Nestle were worth $711,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on NSRGY shares. Berenberg Bank upgraded Nestle from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research note on Thursday, February 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $91.00.

Nestle Trading Down 0.1%

NSRGY opened at $104.59 on Friday. The business’s 50-day simple moving average is $97.88 and its 200 day simple moving average is $96.13. Nestle SA has a 52-week low of $86.98 and a 52-week high of $109.31. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.62.

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.