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

Broderick Brian C cut its position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,529 shares of the company's stock after selling 29,642 shares during the period. Broderick Brian C's holdings in Nestlé were worth $5,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in Nestlé in the fourth quarter valued at approximately $386,000. Hantz Financial Services Inc. lifted its holdings in shares of Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock valued at $8,806,000 after purchasing an additional 10,523 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé in the 4th quarter worth $33,000. Raelipskie Partnership grew its stake in Nestlé by 6.1% during the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock worth $1,407,000 after buying an additional 990 shares during the last quarter. Finally, Mengis Capital Management Inc. increased its position in Nestlé by 51.0% during the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock valued at $2,732,000 after buying an additional 11,295 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Stock Up 0.8 %

OTCMKTS NSRGY traded up $0.77 during trading hours on Wednesday, reaching $98.15. The company's stock had a trading volume of 511,645 shares, compared to its average volume of 883,353. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The company's 50-day moving average is $96.41 and its two-hundred day moving average is $91.60.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada lowered shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Jefferies Financial Group downgraded Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Morgan Stanley lowered Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 target price on the stock. in a report on Friday, April 4th. Finally, BNP Paribas raised Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Nestlé has a consensus rating of "Hold" and a consensus target price of $91.00.

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.