Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC decreased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 4.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,567 shares of the company’s stock after selling 198 shares during the quarter. Cheviot Value Management LLC’s holdings in Nestlé were worth $460,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NSRGY. Brooklyn Investment Group acquired a new position in shares of Nestlé during the third quarter valued at approximately $36,000. First Horizon Advisors Inc. increased its position in shares of 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 purchasing an additional 922 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Nestlé in the 2nd quarter worth $134,000. Front Row Advisors LLC raised its stake in shares of Nestlé by 421.4% in the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after buying an additional 1,888 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after buying an additional 949 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Performance

OTCMKTS NSRGY opened at $86.78 on Monday. Nestlé S.A. has a 1 year low of $85.01 and a 1 year high of $117.55. The stock’s 50-day moving average price is $94.13 and its two-hundred day moving average price is $100.58.

Analyst Upgrades and Downgrades

NSRGY has been the topic of several research reports. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Barclays reissued an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.