Canandaigua National Corp Sells 578 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Canandaigua National Corp lowered its holdings in Nestlé S.A. (OTCMKTS:NSRGYGet Rating) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,031 shares of the company’s stock after selling 578 shares during the quarter. Canandaigua National Corp’s holdings in Nestlé were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Palladium Partners LLC lifted its position in shares of Nestlé by 0.9% during the first quarter. Palladium Partners LLC now owns 11,462 shares of the company’s stock valued at $1,491,000 after purchasing an additional 105 shares in the last quarter. Avity Investment Management Inc. grew its holdings in shares of Nestlé by 3.3% in the first quarter. Avity Investment Management Inc. now owns 3,875 shares of the company’s stock valued at $504,000 after acquiring an additional 125 shares in the last quarter. Private Trust Co. NA increased its position in shares of Nestlé by 2.0% during the first quarter. Private Trust Co. NA now owns 8,329 shares of the company’s stock valued at $1,088,000 after acquiring an additional 163 shares during the last quarter. Spinnaker Trust lifted its holdings in Nestlé by 0.4% during the first quarter. Spinnaker Trust now owns 46,686 shares of the company’s stock worth $6,097,000 after acquiring an additional 178 shares during the period. Finally, Williams Jones Wealth Management LLC. boosted its position in Nestlé by 1.2% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 17,724 shares of the company’s stock worth $2,488,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 0.99% of the company’s stock.

Nestlé Trading Down 1.5 %

Shares of OTCMKTS NSRGY opened at $110.95 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.68 and a current ratio of 0.98. Nestlé S.A. has a 52 week low of $106.67 and a 52 week high of $141.95. The business has a 50-day simple moving average of $118.86 and a two-hundred day simple moving average of $121.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NSRGY shares. Exane BNP Paribas lowered Nestlé from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 14th. UBS Group increased their target price on shares of Nestlé from CHF 140 to CHF 142 in a research report on Monday, August 1st. Berenberg Bank lowered their price target on shares of Nestlé from CHF 139 to CHF 128 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Societe Generale increased their price objective on Nestlé from CHF 123 to CHF 130 and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Royal Bank of Canada boosted their target price on Nestlé from CHF 98 to CHF 100 and gave the company a “sector perform” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $129.29.

Nestlé Profile

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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; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, 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 Nestlé (OTCMKTS:NSRGY)

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