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

Hancock Whitney Corp lowered its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 40.4% in the third quarter, according to its most recent disclosure with the SEC. The firm 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 filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Douglass Winthrop Advisors LLC lifted its stake in shares of Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after buying an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in shares of Nestlé by 6.4% during the third 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 during the period. Hantz Financial Services Inc. acquired a new position in shares of Nestlé in the second quarter valued at approximately $9,577,000. Ramsay Stattman Vela & Price Inc. increased its stake in shares of Nestlé by 2.0% during the second quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock worth $9,481,000 after purchasing an additional 1,855 shares during the period. Finally, Spinnaker Trust lifted its holdings in Nestlé by 1.3% during the 2nd quarter. Spinnaker Trust now owns 73,786 shares of the company’s stock worth $7,531,000 after purchasing an additional 960 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analysts Set New Price Targets

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

Nestlé Stock Up 1.2 %

Nestlé stock opened at $86.36 on Thursday. The stock’s 50 day moving average is $94.63 and its 200 day moving average is $100.86. Nestlé S.A. has a one year low of $85.01 and a one year high of $117.55.

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.