Gardner Russo & Quinn LLC Sells 628,913 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Gardner Russo & Quinn LLC trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,327,409 shares of the company's stock after selling 628,913 shares during the period. Nestlé accounts for about 5.8% of Gardner Russo & Quinn LLC's investment portfolio, making the stock its 7th biggest holding. Gardner Russo & Quinn LLC owned approximately 0.24% of Nestlé worth $516,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Nestlé in the 3rd quarter valued at $36,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at about $33,000. Flagship Wealth Advisors LLC bought a new stake in shares of Nestlé during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé during the fourth quarter worth $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Nestlé in the 4th quarter valued at about $49,000. Institutional investors own 0.61% of the company's stock.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY traded up $0.73 during trading on Wednesday, reaching $101.90. The company had a trading volume of 456,338 shares, compared to its average volume of 909,594. The company's fifty day moving average price is $94.50 and its 200-day moving average price is $91.56. 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 12 month low of $80.11 and a 12 month high of $110.46.

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Analyst Upgrades and Downgrades

NSRGY has been the subject of several research reports. The Goldman Sachs Group raised Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. 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. BNP Paribas raised Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group downgraded shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.