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

Broderick Brian C reduced its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,171 shares of the company's stock after selling 6,279 shares during the quarter. Nestlé accounts for 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Councilmark Asset Management LLC purchased a new position in shares of Nestlé during the 1st quarter worth approximately $640,000. Puzo Michael J raised its position in Nestlé by 5.6% in the first quarter. Puzo Michael J now owns 87,980 shares of the company's stock worth $9,343,000 after acquiring an additional 4,679 shares in the last quarter. Rodgers Brothers Inc. lifted its holdings in Nestlé by 225.4% in the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company's stock valued at $3,292,000 after acquiring an additional 21,450 shares during the period. Raelipskie Partnership grew its stake in shares of Nestlé by 6.2% during the 1st quarter. Raelipskie Partnership now owns 16,677 shares of the company's stock worth $1,771,000 after purchasing an additional 980 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Nestlé by 61.9% in 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 in the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NSRGY shares. Jefferies Financial Group raised Nestlé from an "underperform" rating to a "hold" rating in a research note on Wednesday, July 31st. Berenberg Bank lowered shares of Nestlé from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. Barclays restated an "equal weight" rating on shares of Nestlé in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Finally, Citigroup cut shares of Nestlé from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Nestlé Stock Performance

OTCMKTS:NSRGY traded down $0.75 during trading hours on Friday, reaching $87.16. 874,872 shares of the company were exchanged, compared to its average volume of 787,775. Nestlé S.A. has a 52-week low of $87.07 and a 52-week high of $117.55. The stock has a 50 day simple moving average of $97.64 and a 200 day simple moving average of $101.84.

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.