Saybrook Capital NC Increases Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Saybrook Capital NC raised its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,401 shares of the company's stock after purchasing an additional 6,742 shares during the quarter. Nestlé accounts for about 1.8% of Saybrook Capital NC's portfolio, making the stock its 17th biggest position. Saybrook Capital NC's holdings in Nestlé were worth $6,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. 1620 Investment Advisors Inc. purchased a new stake in Nestlé in the 2nd quarter valued at about $134,000. Front Row Advisors LLC lifted its holdings in Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company's stock worth $239,000 after acquiring an additional 1,888 shares during the period. GAMMA Investing LLC lifted its holdings in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company's stock worth $254,000 after acquiring an additional 949 shares during the period. Lee Danner & Bass Inc. bought a new position in Nestlé in the 2nd quarter valued at $262,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Nestlé during the 2nd quarter valued at $265,000. Institutional investors own 0.61% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on NSRGY. Citigroup cut shares of Nestlé from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Morgan Stanley lowered Nestlé from an "equal weight" rating to an "underweight" rating in a report on Monday, September 16th. Royal Bank of Canada raised shares of Nestlé from a "sector perform" rating to an "outperform" rating in a report on Friday, October 18th. Berenberg Bank downgraded shares of Nestlé from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Finally, UBS Group cut shares of Nestlé from a "buy" rating to a "neutral" rating in a research note on Friday, July 26th. Two research 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. According to data from MarketBeat.com, Nestlé currently has a consensus rating of "Hold".

Nestlé Trading Down 0.7 %

OTCMKTS NSRGY traded down $0.67 during trading hours on Wednesday, reaching $94.94. 1,574,946 shares of the stock traded hands, compared to its average volume of 759,636. The stock has a 50 day simple moving average of $101.01 and a two-hundred day simple moving average of $102.74. Nestlé S.A. has a 1 year low of $94.79 and a 1 year high of $117.55.

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.