Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Broderick Brian C

Broderick Brian C trimmed its position in Nestlé S.A. (OTCMKTS:NSRGY) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,171 shares of the company’s stock after selling 6,279 shares during the period. Nestlé accounts for approximately 1.9% of Broderick Brian C’s investment portfolio, making the stock its 24th biggest holding. Broderick Brian C’s holdings in Nestlé were worth $9,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Councilmark Asset Management LLC purchased a new position in Nestlé during the 1st quarter worth approximately $640,000. Puzo Michael J raised its holdings in shares of Nestlé by 5.6% during the first quarter. Puzo Michael J now owns 87,980 shares of the company’s stock worth $9,343,000 after purchasing an additional 4,679 shares during the last quarter. Rodgers Brothers Inc. lifted its position in Nestlé by 225.4% during the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock valued at $3,292,000 after purchasing an additional 21,450 shares during the period. Raelipskie Partnership boosted its holdings in Nestlé by 6.2% in the first quarter. Raelipskie Partnership now owns 16,677 shares of the company’s stock valued at $1,771,000 after purchasing an additional 980 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after purchasing an additional 949 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NSRGY shares. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Nestlé has an average rating of “Hold”.

Nestlé Trading Up 0.3 %

Shares of OTCMKTS NSRGY opened at $87.91 on Friday. Nestlé S.A. has a 52-week low of $87.22 and a 52-week high of $117.55. The company’s 50-day simple moving average is $97.97 and its 200-day simple moving average is $101.93.

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.