Headinvest LLC decreased its stake in Nestle SA (OTCMKTS:NSRGY) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 65,667 shares of the company’s stock after selling 455 shares during the period. Nestle SA comprises about 1.9% of Headinvest LLC’s investment portfolio, making the stock its 16th largest position. Headinvest LLC’s holdings in Nestle SA were worth $5,077,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NSRGY. Cape Cod Five Cents Savings Bank boosted its position in 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 last quarter. Fairfield Bush & CO. boosted its position in 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 last quarter. Abner Herrman & Brock LLC boosted its position in 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 last quarter. Hollencrest Securities LLC boosted its position in 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 last quarter. Finally, Associated Banc Corp boosted its position in 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 last quarter. Institutional investors own 1.58% of the company’s stock.

Nestle SA (OTCMKTS:NSRGY) traded up 1.543% during mid-day trading on Thursday, reaching $80.605. 600,527 shares of the company’s stock traded hands. The stock has a market capitalization of $248.67 billion, a PE ratio of 28.312 and a beta of 0.73. Nestle SA has a 12 month low of $68.00 and a 12 month high of $83.25. The firm’s 50-day moving average price is $80.23 and its 200 day moving average price is $76.41.

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

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