Nestlé S.A. (OTCMKTS:NSRGY) Holdings Trimmed by Gardner Russo & Quinn LLC

Gardner Russo & Quinn LLC lowered its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,327,409 shares of the company’s stock after selling 628,913 shares during the period. Nestlé makes up 5.8% of Gardner Russo & Quinn LLC’s portfolio, making the stock its 7th biggest position. Gardner Russo & Quinn LLC owned about 0.24% of Nestlé worth $516,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NSRGY. Thompson Investment Management Inc. purchased a new stake in shares of Nestlé during the fourth quarter worth $33,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nestlé during the 4th quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Nestlé during the 3rd quarter valued at about $36,000. Kohmann Bosshard Financial Services LLC acquired a new position in Nestlé in the fourth quarter worth approximately $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Nestlé during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

OTCMKTS NSRGY opened at $102.11 on Friday. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46. The firm has a 50-day simple moving average of $93.72 and a 200 day simple moving average of $91.76. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

Analyst Upgrades and Downgrades

Several research firms have commented on NSRGY. Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the stock. According to MarketBeat, Nestlé has a consensus rating of “Hold”.

Nestlé 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.