NESTLE S A/S (OTCMKTS:NSRGY) Shares Sold by Somerville Kurt F

Somerville Kurt F cut its holdings in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 2.3% in the second quarter, HoldingsChannel reports. The firm owned 162,551 shares of the company’s stock after selling 3,777 shares during the period. NESTLE S A/S accounts for about 3.3% of Somerville Kurt F’s holdings, making the stock its 11th biggest holding. Somerville Kurt F’s holdings in NESTLE S A/S were worth $16,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gillespie Robinson & Grimm Inc. lifted its position in NESTLE S A/S by 2.7% during the second quarter. Gillespie Robinson & Grimm Inc. now owns 3,800 shares of the company’s stock valued at $393,000 after purchasing an additional 100 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of NESTLE S A/S by 0.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,984 shares of the company’s stock worth $2,175,000 after acquiring an additional 100 shares during the period. HighPoint Advisor Group LLC raised its position in shares of NESTLE S A/S by 3.0% in the first quarter. HighPoint Advisor Group LLC now owns 4,492 shares of the company’s stock worth $428,000 after acquiring an additional 132 shares during the period. Spinnaker Trust raised its position in shares of NESTLE S A/S by 0.3% in the second quarter. Spinnaker Trust now owns 50,164 shares of the company’s stock worth $5,199,000 after acquiring an additional 136 shares during the period. Finally, Horrell Capital Management Inc. raised its position in shares of NESTLE S A/S by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 31,167 shares of the company’s stock worth $2,970,000 after acquiring an additional 138 shares during the period. Institutional investors own 1.35% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of NESTLE S A/S from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, July 5th. Barclays assumed coverage on shares of NESTLE S A/S in a research report on Wednesday, April 10th. They issued an “overweight” rating for the company. Finally, HSBC assumed coverage on shares of NESTLE S A/S in a research report on Thursday, June 27th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $108.00.

Shares of NESTLE S A/S stock traded up $0.02 during trading hours on Friday, reaching $107.14. The stock had a trading volume of 998,564 shares, compared to its average volume of 328,546. The company’s 50 day simple moving average is $103.77. The stock has a market cap of $327.79 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.64 and a beta of 0.47. NESTLE S A/S has a twelve month low of $78.62 and a twelve month high of $108.90. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44.

About NESTLE S A/S

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; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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

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