Broderick Brian C Has $3.64 Million Stock Position in Nestle SA (OTCMKTS:NSRGY)

Broderick Brian C trimmed its position in Nestle SA (OTCMKTS:NSRGY - Free Report) by 44.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,932 shares of the company's stock after selling 28,597 shares during the period. Broderick Brian C's holdings in Nestle were worth $3,635,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NSRGY. Ameriflex Group Inc. acquired a new stake in Nestle during the 4th quarter worth approximately $26,000. Flagship Wealth Advisors LLC bought a new position in shares of Nestle in the fourth quarter valued at $33,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Nestle in the fourth quarter valued at $45,000. Murphy & Mullick Capital Management Corp acquired a new stake in Nestle during the 4th quarter valued at $49,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in Nestle during the 1st quarter valued at $223,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestle Trading Down 2.1%

Shares of NSRGY traded down $2.15 during midday trading on Friday, reaching $99.43. 386,887 shares of the stock were exchanged, compared to its average volume of 613,718. Nestle SA has a twelve month low of $80.11 and a twelve month high of $109.31. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.41. The stock's 50 day simple moving average is $105.09 and its 200 day simple moving average is $95.82.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NSRGY shares. Royal Bank Of Canada downgraded Nestle from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Morgan Stanley downgraded Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price target for the company. in a report on Friday, April 4th. Finally, BNP Paribas downgraded Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $91.00.

About Nestle

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.