Delaney Dennis R Decreases Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Delaney Dennis R lessened its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 50,637 shares of the company’s stock after selling 160 shares during the period. Nestlé accounts for approximately 2.2% of Delaney Dennis R’s portfolio, making the stock its 23rd largest position. Delaney Dennis R’s holdings in Nestlé were worth $4,137,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. DF Dent & Co. Inc. raised its position in Nestlé by 193.6% during the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company’s stock valued at $588,000 after purchasing an additional 4,742 shares during the period. Ramirez Asset Management Inc. increased its position in shares of Nestlé by 5,901.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company’s stock valued at $2,068,000 after purchasing an additional 24,609 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Nestlé during the 4th quarter valued at $49,000. Beddow Capital Management Inc. boosted its stake in Nestlé by 7.5% during the fourth quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company’s stock worth $5,364,000 after buying an additional 4,558 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new position in Nestlé during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Stock Down 0.9 %

Shares of OTCMKTS NSRGY opened at $104.80 on Tuesday. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of $98.15 and a two-hundred day simple moving average of $91.72.

Wall Street Analysts Forecast Growth

NSRGY has been the subject of several analyst reports. Royal Bank of Canada lowered shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 target price on the stock. in a research note on Friday, April 4th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.00.

Nestlé Profile

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.