Broderick Brian C Sells 10,952 Shares of Nestle SA $NSRGY

Key Points

• Broderick Brian C reduced its stake in Nestle SA by 30.5%, selling 10,952 shares and leaving it with 24,980 shares valued at $2,481,000.
• Recent analyst reports show that Nestle holds an average rating of "Hold" with a target price of $91.00, after various ratings upgrades and downgrades.
• Nestle's stock has a 52-week range with a low of $80.11 and a high of $109.31, currently trading at $93.06.

Broderick Brian C lessened its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 30.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,980 shares of the company's stock after selling 10,952 shares during the quarter. Broderick Brian C's holdings in Nestle were worth $2,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Core Alternative Capital bought a new position in shares of Nestle in the first quarter valued at approximately $29,000. First Horizon Advisors Inc. lifted its stake in Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock worth $45,000 after purchasing an additional 312 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Nestle in the 1st quarter worth approximately $95,000. Sawyer & Company Inc bought a new position in Nestle in the 1st quarter valued at $132,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in shares of Nestle during the 1st quarter valued at $223,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSRGY has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of Nestle in a research report on Monday. Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $91.00.

Nestle Trading Down 0.2%

Shares of OTCMKTS:NSRGY opened at $93.06 on Wednesday. Nestle SA has a 52-week low of $80.11 and a 52-week high of $109.31. The firm has a fifty day moving average of $91.22 and a 200 day moving average of $98.36.

Nestle Company 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.

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