Kidder Stephen W Decreases Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Kidder Stephen W lessened its position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 31.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,261 shares of the company's stock after selling 20,276 shares during the period. Nestlé accounts for 1.1% of Kidder Stephen W's investment portfolio, making the stock its 29th largest position. Kidder Stephen W's holdings in Nestlé were worth $3,534,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock worth $8,806,000 after acquiring an additional 10,523 shares during the period. Altrius Capital Management Inc boosted its stake in Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after purchasing an additional 9,381 shares during the period. Saybrook Capital NC boosted its stake in Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock worth $6,188,000 after purchasing an additional 12,340 shares during the period. Sustainable Growth Advisers LP grew its holdings in Nestlé by 60.2% during the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock valued at $6,097,000 after buying an additional 28,040 shares in the last quarter. Finally, Beddow Capital Management Inc. lifted its holdings in shares of Nestlé by 7.5% in the fourth quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company's stock worth $5,364,000 after buying an additional 4,558 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company's stock.

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Nestlé Price Performance

Shares of OTCMKTS NSRGY traded up $0.77 during midday trading on Wednesday, reaching $98.15. The company had a trading volume of 511,645 shares, compared to its average volume of 883,353. The firm's fifty day moving average price is $96.41 and its 200-day moving average price is $91.60. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46.

Wall Street Analyst Weigh In

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

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.