Cypress Asset Management Inc. TX Sells 275 Shares of NESTLE S A/S (OTCMKTS:NSRGY)

Cypress Asset Management Inc. TX reduced its stake in NESTLE S A/S (OTCMKTS:NSRGY) by 1.2% during the third quarter, HoldingsChannel.com reports. The fund owned 23,100 shares of the company’s stock after selling 275 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in NESTLE S A/S were worth $2,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its stake in shares of NESTLE S A/S by 7.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,750,826 shares of the company’s stock worth $284,435,000 after buying an additional 187,831 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of NESTLE S A/S by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 3,537,918 shares of the company’s stock worth $366,710,000 after acquiring an additional 128,049 shares in the last quarter. Schafer Cullen Capital Management Inc raised its stake in shares of NESTLE S A/S by 10.6% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 740,001 shares of the company’s stock worth $76,094,000 after acquiring an additional 70,691 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new position in shares of NESTLE S A/S during the 2nd quarter worth approximately $3,404,000. Finally, Bowen Hanes & Co. Inc. raised its stake in shares of NESTLE S A/S by 5.5% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 430,220 shares of the company’s stock worth $44,485,000 after acquiring an additional 22,485 shares in the last quarter. Institutional investors own 1.32% of the company’s stock.

OTCMKTS:NSRGY traded down $0.52 during trading hours on Monday, hitting $104.59. 3,273,330 shares of the company were exchanged, compared to its average volume of 447,466. The company’s 50 day moving average price is $108.85 and its 200-day moving average price is $103.38. The stock has a market capitalization of $321.64 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.59 and a beta of 0.42. NESTLE S A/S has a 52-week low of $78.62 and a 52-week high of $114.87.

Several research firms recently commented on NSRGY. HSBC began coverage on shares of NESTLE S A/S in a research note on Thursday, June 27th. They set a “hold” rating for the company. Deutsche Bank downgraded shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. ValuEngine downgraded shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada downgraded shares of NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, September 25th. Finally, Zacks Investment Research raised shares of NESTLE S A/S from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. NESTLE S A/S presently has an average rating of “Hold” and a consensus price target of $108.00.

NESTLE S A/S Company 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; 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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