Nestle SA $NSRGY Shares Sold by Kidder Stephen W

Kidder Stephen W decreased its position in shares of Nestle SA (OTCMKTS:NSRGY) by 42.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,605 shares of the company’s stock after selling 9,303 shares during the period. Kidder Stephen W’s holdings in Nestle were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NSRGY. Diversified Trust Co grew its holdings in Nestle by 5.2% during the 2nd quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock worth $343,000 after acquiring an additional 170 shares in the last quarter. Core Alternative Capital acquired a new stake in shares of Nestle in the 1st quarter valued at $29,000. Canopy Partners LLC lifted its position in shares of Nestle by 6.3% during the 1st quarter. Canopy Partners LLC now owns 5,180 shares of the company’s stock worth $524,000 after purchasing an additional 309 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Nestle by 232.8% during the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock worth $45,000 after purchasing an additional 312 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Nestle by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,001 shares of the company’s stock valued at $405,000 after buying an additional 577 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestle Trading Down 0.2%

NSRGY opened at $93.06 on Wednesday. Nestle SA has a one year low of $80.11 and a one year high of $109.31. The business’s 50-day simple moving average is $91.22 and its 200-day simple moving average is $98.36.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised Nestle from an “underperform” rating to a “hold” rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nestle currently has an average rating of “Hold” and a consensus price target 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.