Broderick Brian C Cuts Position in Nestlé S.A. (OTCMKTS:NSRGY)

Broderick Brian C trimmed its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,171 shares of the company’s stock after selling 6,279 shares during the period. Nestlé makes up approximately 1.9% of Broderick Brian C’s holdings, 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 quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSRGY. 1620 Investment Advisors Inc. bought a new stake in Nestlé during the second quarter worth approximately $134,000. Front Row Advisors LLC boosted its holdings in shares of Nestlé by 421.4% in the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the period. GAMMA Investing LLC increased its position in shares of Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after purchasing an additional 949 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Nestlé during the 2nd quarter valued at $262,000. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in Nestlé in the second quarter worth $265,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Price Performance

NSRGY stock opened at $87.91 on Friday. The firm has a 50-day simple moving average of $97.97 and a two-hundred day simple moving average of $101.93. Nestlé S.A. has a one year low of $87.22 and a one year high of $117.55.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft lowered Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Nestlé 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.