Kidder Stephen W Decreases Stock Position in Nestle SA $NSRGY

Kidder Stephen W cut its position in Nestle SA (OTCMKTS:NSRGY) by 43.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,070 shares of the company’s stock after selling 5,535 shares during the period. Kidder Stephen W’s holdings in Nestle were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC boosted its stake in Nestle by 5.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company’s stock worth $84,889,000 after purchasing an additional 44,185 shares during the last quarter. Altrius Capital Management Inc lifted its stake in shares of Nestle by 10.5% in the third quarter. Altrius Capital Management Inc now owns 89,028 shares of the company’s stock worth $8,170,000 after buying an additional 8,433 shares in the last quarter. Saybrook Capital NC boosted its position in Nestle by 1.1% during the third quarter. Saybrook Capital NC now owns 76,147 shares of the company’s stock worth $6,988,000 after acquiring an additional 813 shares during the last quarter. Rhumbline Advisers grew its stake in Nestle by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 63,529 shares of the company’s stock valued at $6,310,000 after acquiring an additional 465 shares in the last quarter. Finally, Mar Vista Investment Partners LLC lifted its stake in Nestle by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 57,337 shares of the company’s stock worth $5,695,000 after purchasing an additional 2,229 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestle Stock Performance

NSRGY stock opened at $104.59 on Friday. Nestle SA has a one year low of $86.98 and a one year high of $109.31. The firm’s 50 day moving average price is $97.88 and its 200-day moving average price is $96.13. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research report on Thursday, February 12th. Berenberg Bank upgraded Nestle from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $91.00.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.