Hendley & Co. Inc. Has $578,000 Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Hendley & Co. Inc. lowered its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,075 shares of the company’s stock after selling 1,050 shares during the period. Hendley & Co. Inc.’s holdings in Nestlé were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NSRGY. Brooklyn Investment Group acquired a new stake in shares of Nestlé in the third quarter worth $36,000. Thompson Investment Management Inc. acquired a new stake in Nestlé during the 4th quarter worth about $33,000. First Horizon Advisors Inc. grew its stake in Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after acquiring an additional 922 shares in the last quarter. Studio Investment Management LLC increased its holdings in shares of Nestlé by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after purchasing an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Nestlé in the fourth quarter worth approximately $386,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Price Performance

OTCMKTS NSRGY opened at $97.79 on Tuesday. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The stock’s 50-day moving average is $84.71 and its two-hundred day moving average is $92.21. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nestlé Company 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.