Today, First National Trust Co. decides to keep it stake in Nestle SA (NSRGY) to the level of $260,000

Today, First National Trust Co. decides to keep it stake in Nestle SA (NSRGY) to the level of $260,000
First National Trust Co. decreased its position in Nestle SA (OTCMKTS:NSRGY) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,293 shares of the company’s stock after selling 216 shares during the period. First National Trust Co.’s holdings in Nestle SA were worth $260,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lodestar Investment Counsel LLC IL boosted its stake in Nestle SA by 2.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 310,072 shares of the company’s stock worth $23,919,000 after buying an additional 8,065 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in Nestle SA by 1.9% in the second quarter. Douglas Lane & Associates LLC now owns 569,666 shares of the company’s stock worth $43,944,000 after buying an additional 10,788 shares during the last quarter. Williams Jones & Associates LLC boosted its stake in Nestle SA by 1,110.9% in the second quarter. Williams Jones & Associates LLC now owns 245,085 shares of the company’s stock worth $18,948,000 after buying an additional 224,845 shares during the last quarter. Associated Banc Corp boosted its stake in Nestle SA by 0.8% in the second quarter. Associated Banc Corp now owns 11,058 shares of the company’s stock worth $853,000 after buying an additional 92 shares during the last quarter. Finally, South Texas Money Management Ltd. boosted its stake in Nestle SA by 1.8% in the second quarter. South Texas Money Management Ltd. now owns 374,800 shares of the company’s stock worth $28,976,000 after buying an additional 6,807 shares during the last quarter. 1.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nestle SA (OTCMKTS:NSRGY) traded up 2.40% during mid-day trading on Friday, reaching $68.22. The company’s stock had a trading volume of 425,255 shares. The company’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00. Nestle SA has a 12-month low of $66.40 and a 12-month high of $83.25.

NSRGY has been the topic of a number of research reports. Goldman Sachs Group Inc. upgraded Nestle SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 13th. Deutsche Bank AG upgraded Nestle SA from a “hold” rating to a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research upgraded Nestle SA from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Saturday, August 27th. Societe Generale upgraded Nestle SA from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, RBC Capital Markets restated a “top pick” rating on shares of Nestle SA in a research note on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Nestle SA has a consensus rating of “Buy” and a consensus target price of $89.00.

Nestle SA Company Profile

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