Broderick Brian C Sells 8,200 Shares of Nestle SA $NSRGY

Broderick Brian C reduced its position in shares of Nestle SA (OTCMKTS:NSRGY) by 32.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,780 shares of the company’s stock after selling 8,200 shares during the period. Broderick Brian C’s holdings in Nestle were worth $1,540,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Strengthening Families & Communities LLC purchased a new stake in Nestle in the 3rd quarter worth approximately $31,000. Boyd Watterson Asset Management LLC OH boosted its holdings in Nestle by 175.1% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock valued at $59,000 after acquiring an additional 408 shares in the last quarter. First Horizon Advisors Inc. increased its position in Nestle by 37.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after purchasing an additional 167 shares during the period. Salomon & Ludwin LLC raised its holdings in Nestle by 412.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after purchasing an additional 751 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Nestle in the 3rd quarter worth about $125,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Trading Up 1.6%

OTCMKTS:NSRGY opened at $104.72 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41. Nestle SA has a one year low of $86.98 and a one year high of $109.31. The company’s 50-day simple moving average is $97.74 and its 200 day simple moving average is $96.01.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NSRGY. Berenberg Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a report on Thursday, February 12th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.00.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.