GAMMA Investing LLC Raises Position in Nestlé S.A. (OTCMKTS:NSRGY)

GAMMA Investing LLC increased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 23,819.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,630 shares of the company's stock after buying an additional 415,884 shares during the period. GAMMA Investing LLC's holdings in Nestlé were worth $42,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Studio Investment Management LLC raised its holdings in shares of Nestlé by 2.9% during the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock valued at $326,000 after acquiring an additional 112 shares during the last quarter. North Star Asset Management Inc. boosted its position in Nestlé by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company's stock worth $444,000 after acquiring an additional 229 shares during the last quarter. Ancora Advisors LLC grew its stake in Nestlé by 0.3% during the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock valued at $6,102,000 after acquiring an additional 239 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Nestlé in the 4th quarter valued at about $26,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Nestlé in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NSRGY shares. Morgan Stanley lowered Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price target for the company. in a research report on Friday, April 4th. BNP Paribas cut Nestlé from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada lowered Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $91.00.

Nestlé Stock Down 0.2%

Nestlé stock traded down $0.21 during trading on Friday, hitting $106.00. The company had a trading volume of 929,508 shares, compared to its average volume of 725,110. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a 1-year low of $80.11 and a 1-year high of $110.46. The company's 50 day simple moving average is $104.69 and its 200-day simple moving average is $94.47.

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.