Kidder Stephen W Reduces Position in Nestle SA $NSRGY

Kidder Stephen W decreased its holdings in shares of Nestle SA (OTCMKTS:NSRGY) by 42.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,605 shares of the company’s stock after selling 9,303 shares during the quarter. Kidder Stephen W’s holdings in Nestle were worth $1,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in Nestle by 114.9% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,269 shares of the company’s stock valued at $918,000 after acquiring an additional 4,955 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Nestle by 53.1% during the 2nd quarter. GAMMA Investing LLC now owns 6,320 shares of the company’s stock worth $628,000 after purchasing an additional 2,192 shares during the last quarter. Diversified Trust Co grew its position in shares of Nestle by 5.2% in the second quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock valued at $343,000 after purchasing an additional 170 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Nestle by 6.7% in the first quarter. Rhumbline Advisers now owns 63,064 shares of the company’s stock valued at $6,380,000 after purchasing an additional 3,964 shares during the last quarter. Finally, Ancora Advisors LLC lifted its position in Nestle by 0.9% during the first quarter. Ancora Advisors LLC now owns 75,388 shares of the company’s stock worth $7,627,000 after buying an additional 703 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NSRGY. Morgan Stanley restated an “underweight” rating on shares of Nestle in a report on Monday. Jefferies Financial Group upgraded shares of Nestle from an “underperform” rating to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.00.

Nestle Stock Down 0.2%

Shares of Nestle stock 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 business’s fifty day simple moving average is $91.22 and its 200-day simple moving average is $98.36.

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.