Staley Capital Advisers Inc. trimmed its position in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 206,730 shares of the company’s stock after selling 2,340 shares during the quarter. NESTLE S A/S makes up 1.2% of Staley Capital Advisers Inc.’s holdings, making the stock its 29th largest holding. Staley Capital Advisers Inc.’s holdings in NESTLE S A/S were worth $17,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSRGY. Benedict Financial Advisors Inc. lifted its holdings in shares of NESTLE S A/S by 4.5% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 14,575 shares of the company’s stock valued at $1,129,000 after buying an additional 622 shares during the period. Douglass Winthrop Advisors LLC raised its holdings in NESTLE S A/S by 0.5% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 809,639 shares of the company’s stock worth $62,690,000 after purchasing an additional 4,119 shares during the period. Congress Asset Management Co. MA raised its holdings in NESTLE S A/S by 6.9% in the 2nd quarter. Congress Asset Management Co. MA now owns 60,855 shares of the company’s stock worth $4,713,000 after purchasing an additional 3,921 shares during the period. Tributary Capital Management LLC bought a new position in NESTLE S A/S in the 2nd quarter worth $2,201,000. Finally, Advisor Partners LLC raised its holdings in NESTLE S A/S by 59.9% in the 2nd quarter. Advisor Partners LLC now owns 12,511 shares of the company’s stock worth $969,000 after purchasing an additional 4,689 shares during the period. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

OTCMKTS:NSRGY opened at $83.77 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.80 and a debt-to-equity ratio of 0.34. NESTLE S A/S has a 52 week low of $73.59 and a 52 week high of $87.85.

NSRGY has been the topic of a number of recent research reports. Jefferies Financial Group raised NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. UBS Group raised NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Morgan Stanley reaffirmed a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, October 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, September 4th. Finally, Zacks Investment Research raised NESTLE S A/S from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $93.00.

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NESTLE S A/S Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

See Also: Balance Sheet

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

Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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