Nestle SA (OTCMKTS:NSRGY) Holdings Trimmed by Kidder Stephen W

Kidder Stephen W trimmed its holdings in Nestle SA (OTCMKTS:NSRGY - Free Report) by 49.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,908 shares of the company's stock after selling 21,353 shares during the period. Kidder Stephen W's holdings in Nestle were worth $2,216,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Nestle by 23,819.2% during the 1st quarter. GAMMA Investing LLC now owns 417,630 shares of the company's stock worth $42,252,000 after buying an additional 415,884 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in Nestle by 11.4% during the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock worth $99,294,000 after buying an additional 100,767 shares during the last quarter. Ramirez Asset Management Inc. grew its stake in Nestle by 5,901.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock worth $2,068,000 after buying an additional 24,609 shares during the last quarter. Elefante Mark B bought a new position in Nestle during the 4th quarter worth $1,527,000. Finally, Minot DeBlois Advisors LLC bought a new position in Nestle during the 4th quarter worth $822,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSRGY has been the subject of a number of recent research reports. Morgan Stanley downgraded Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research note on Friday, April 4th. BNP Paribas cut Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $91.00.

Nestle Trading Down 1.1%

Shares of OTCMKTS:NSRGY traded down $1.02 on Friday, hitting $92.33. The company's stock had a trading volume of 913,279 shares, compared to its average volume of 407,938. Nestle SA has a 12 month low of $80.11 and a 12 month high of $109.31. The stock's 50-day moving average is $101.44 and its two-hundred day moving average is $98.30. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41.

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.