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

Broderick Brian C reduced its position in Nestle SA (OTCMKTS:NSRGY - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent disclosure 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 quarter. Broderick Brian C's holdings in Nestle were worth $3,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. DF Dent & Co. Inc. raised its stake in Nestle by 193.6% during the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock worth $588,000 after acquiring an additional 4,742 shares in the last quarter. Elefante Mark B acquired a new position in Nestle during the fourth quarter worth $1,527,000. Minot DeBlois Advisors LLC acquired a new position in Nestle during the fourth quarter worth $822,000. Douglas Lane & Associates LLC raised its stake in Nestle by 11.4% during the first quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock worth $99,294,000 after acquiring an additional 100,767 shares in the last quarter. Finally, Altrius Capital Management Inc raised its stake in Nestle by 13.5% during the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after acquiring an additional 9,381 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Nestle Stock Up 0.3%

Shares of OTCMKTS:NSRGY traded up $0.33 during midday trading on Thursday, reaching $101.58. The company's stock had a trading volume of 2,140,503 shares, compared to its average volume of 630,860. Nestle SA has a fifty-two week low of $80.11 and a fifty-two week high of $109.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. The business's fifty day simple moving average is $105.24 and its 200-day simple moving average is $95.55.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley lowered 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. Royal Bank Of Canada lowered Nestle from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Finally, BNP Paribas lowered 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $91.00.

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.