Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Forbes J M & Co. LLP

Forbes J M & Co. LLP decreased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,419 shares of the company’s stock after selling 2,218 shares during the quarter. Forbes J M & Co. LLP’s holdings in Nestlé were worth $6,485,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Nestlé by 0.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after acquiring an additional 113 shares during the period. Studio Investment Management LLC lifted its position in Nestlé by 5.1% during the 2nd quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after acquiring an additional 180 shares during the period. Kanawha Capital Management LLC lifted its position in Nestlé by 4.0% during the 2nd quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock worth $622,000 after acquiring an additional 231 shares during the period. Hendley & Co. Inc. lifted its position in Nestlé by 0.6% during the 1st quarter. Hendley & Co. Inc. now owns 44,612 shares of the company’s stock worth $4,738,000 after acquiring an additional 250 shares during the period. Finally, Vaughan David Investments LLC IL lifted its position in Nestlé by 12.4% during the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Price Performance

Shares of Nestlé stock traded down $0.37 on Monday, hitting $97.36. The company’s stock had a trading volume of 381,200 shares, compared to its average volume of 757,487. Nestlé S.A. has a 1 year low of $96.36 and a 1 year high of $117.55. The firm has a fifty day moving average price of $101.31 and a 200-day moving average price of $102.82.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Barclays reissued an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

About Nestlé

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.