Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. reduced its position in Nestlé S.A. (OTCMKTS:NSRGY) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 15,753 shares of the company’s stock after selling 444 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Nestlé were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NSRGY. Horrell Capital Management Inc. increased its holdings in Nestlé by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,386,000 after acquiring an additional 94 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Nestlé by 22.4% during the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after buying an additional 114 shares in the last quarter. Partners Capital Investment Group LLP grew its holdings in shares of Nestlé by 5.1% during the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock worth $274,000 after buying an additional 115 shares in the last quarter. Pinnacle West Asset Management Inc. grew its holdings in shares of Nestlé by 4.8% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after buying an additional 130 shares in the last quarter. Finally, Windward Capital Management Co. CA boosted its position in shares of Nestlé by 0.5% during the 4th quarter. Windward Capital Management Co. CA now owns 37,868 shares of the company’s stock valued at $4,379,000 after acquiring an additional 186 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Price Performance

OTCMKTS NSRGY traded up $0.21 during trading hours on Tuesday, reaching $106.96. The company had a trading volume of 313,093 shares, compared to its average volume of 551,991. The stock has a 50-day moving average of $103.82 and a 200 day moving average of $108.20. Nestlé S.A. has a 1-year low of $99.04 and a 1-year high of $125.41. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $153.00.

Nestlé 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.