Canandaigua National Bank & Trust Co. decreased its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,046 shares of the company’s stock after selling 25 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Nestle SA were worth $621,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NSRGY. Cape Cod Five Cents Savings Bank increased its position in shares of Nestle SA by 9.2% in the second quarter. Cape Cod Five Cents Savings Bank now owns 4,582 shares of the company’s stock worth $354,000 after buying an additional 387 shares during the period. Fairfield Bush & CO. increased its position in shares of Nestle SA by 0.5% in the first quarter. Fairfield Bush & CO. now owns 5,795 shares of the company’s stock worth $432,000 after buying an additional 31 shares during the period. Abner Herrman & Brock LLC increased its position in shares of Nestle SA by 2.3% in the second quarter. Abner Herrman & Brock LLC now owns 6,668 shares of the company’s stock worth $529,000 after buying an additional 147 shares during the period. Hollencrest Securities LLC increased its position in shares of Nestle SA by 1.1% in the second quarter. Hollencrest Securities LLC now owns 8,959 shares of the company’s stock worth $692,000 after buying an additional 97 shares during the period. Finally, Associated Banc Corp increased its position in shares of Nestle SA by 15.0% in the first quarter. Associated Banc Corp now owns 10,966 shares of the company’s stock worth $823,000 after buying an additional 1,430 shares during the period. 1.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Nestle SA (OTCMKTS:NSRGY) traded up 0.90% during midday trading on Tuesday, hitting $79.25. 282,300 shares of the stock were exchanged. The company has a market cap of $244.49 billion, a PE ratio of 27.84 and a beta of 0.73. The stock has a 50 day moving average price of $80.21 and a 200-day moving average price of $76.31. Nestle SA has a 12 month low of $68.00 and a 12 month high of $83.25.

A number of equities analysts have recently issued reports on the company. RBC Capital Markets reaffirmed a “top pick” rating on shares of Nestle SA in a research report on Thursday, September 8th. Societe Generale reaffirmed a “hold” rating on shares of Nestle SA in a research report on Tuesday, June 28th. Deutsche Bank AG raised Nestle SA from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research downgraded Nestle SA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. raised Nestle SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $89.00.

Nestle SA Company Profile

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.

Want to see what other hedge funds are holding NSRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nestle SA (OTCMKTS:NSRGY).

Receive News & Ratings for Nestle SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestle SA and related companies with MarketBeat.com's FREE daily email newsletter.