Broderick Brian C Raises Position in Nestlé S.A. (OTCMKTS:NSRGY)

Broderick Brian C lifted its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,949 shares of the company’s stock after purchasing an additional 4,520 shares during the period. Nestlé makes up 2.3% of Broderick Brian C’s investment portfolio, making the stock its 20th largest holding. Broderick Brian C’s holdings in Nestlé were worth $10,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NSRGY. Wetzel Investment Advisors Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at about $69,000. First Horizon Advisors Inc. raised its position in Nestlé by 22.4% during the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after acquiring an additional 114 shares during the last quarter. Vestor Capital LLC raised its position in Nestlé by 242.9% during the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after acquiring an additional 945 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in Nestlé during the first quarter worth about $220,000. Finally, Accent Capital Management LLC acquired a new position in Nestlé during the fourth quarter worth about $241,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Nestlé currently has an average rating of “Hold”.

Nestlé Price Performance

NSRGY stock traded up $0.63 on Thursday, hitting $104.17. 283,366 shares of the company were exchanged, compared to its average volume of 669,191. Nestlé S.A. has a twelve month low of $99.04 and a twelve month high of $125.41. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The business’s fifty day moving average is $104.53 and its two-hundred day moving average is $107.13.

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.