Nestlé (OTCMKTS:NSRGF) Stock Price Down 0.5%

Nestlé S.A. (OTCMKTS:NSRGF)’s stock price was down 0.5% during trading on Monday . The stock traded as low as $99.38 and last traded at $100.59. Approximately 56,751 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 33,611 shares. The stock had previously closed at $101.05.

Nestlé Price Performance

The firm has a fifty day moving average of $104.13 and a 200 day moving average of $109.38.

Nestlé Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, April 24th. Shareholders of record on Tuesday, April 23rd were paid a dividend of $3.00 per share. The ex-dividend date was Monday, April 22nd. This represents a yield of 3.18%. Nestlé’s dividend payout ratio (DPR) is 72.19%.

Institutional Investors Weigh In On Nestlé

A hedge fund recently raised its stake in Nestlé stock. Kennedy Capital Management LLC boosted its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGF) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,580 shares of the company’s stock after acquiring an additional 6,256 shares during the quarter. Kennedy Capital Management LLC’s holdings in Nestlé were worth $4,489,000 at the end of the most recent quarter. Institutional investors own 27.22% of the company’s stock.

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.