Horrell Capital Management Inc. Decreases Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Horrell Capital Management Inc. cut its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 10.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,581 shares of the company’s stock after selling 2,980 shares during the period. Horrell Capital Management Inc.’s holdings in Nestlé were worth $2,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eagle Bay Advisors LLC acquired a new position in Nestlé during the 3rd quarter worth approximately $365,000. ORG Partners LLC lifted its position in Nestlé by 225.7% during the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock worth $876,000 after acquiring an additional 6,032 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after acquiring an additional 55,367 shares in the last quarter. Avity Investment Management Inc. lifted its position in Nestlé by 93.5% during the 3rd quarter. Avity Investment Management Inc. now owns 10,785 shares of the company’s stock worth $1,086,000 after acquiring an additional 5,210 shares in the last quarter. Finally, Diversified Trust Co lifted its position in Nestlé by 10.9% during the 3rd quarter. Diversified Trust Co now owns 7,355 shares of the company’s stock worth $741,000 after acquiring an additional 725 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NSRGY. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Nestlé has an average rating of “Hold”.

Nestlé Price Performance

Shares of OTCMKTS NSRGY traded up $0.19 during trading on Tuesday, reaching $97.55. The stock had a trading volume of 401,160 shares, compared to its average volume of 755,774. Nestlé S.A. has a one year low of $96.36 and a one year high of $117.55. The firm’s 50 day moving average price is $101.18 and its two-hundred day moving average price is $102.78.

Nestlé Company 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.