Hancock Whitney Corp Sells 1,559 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Hancock Whitney Corp cut its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 40.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,297 shares of the company’s stock after selling 1,559 shares during the period. Hancock Whitney Corp’s holdings in Nestlé were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of Nestlé by 0.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock valued at $2,459,000 after purchasing an additional 113 shares during the last quarter. Canopy Partners LLC raised its position in Nestlé by 3.0% in the third quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after acquiring an additional 147 shares during the period. Studio Investment Management LLC boosted its stake in Nestlé by 5.1% in the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock valued at $377,000 after acquiring an additional 180 shares during the last quarter. Kanawha Capital Management LLC grew its position in shares of Nestlé by 4.0% during the 2nd quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock valued at $622,000 after acquiring an additional 231 shares during the period. Finally, Vaughan David Investments LLC IL raised its holdings in shares of Nestlé by 12.4% in the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after purchasing an additional 300 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Stock Performance

NSRGY stock opened at $86.36 on Thursday. The firm has a 50 day moving average of $94.63 and a 200-day moving average of $100.86. Nestlé S.A. has a 12 month low of $85.01 and a 12 month high of $117.55.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NSRGY shares. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Nestlé has a consensus rating of “Hold”.

About Nestlé

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.