Bahl & Gaynor Inc. Reduces Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Bahl & Gaynor Inc. reduced its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,150 shares of the company’s stock after selling 1,703 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Nestlé were worth $9,477,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. acquired a new position in shares of Nestlé in the fourth quarter valued at about $69,000. First Horizon Advisors Inc. increased its holdings in Nestlé by 22.4% in the 4th quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after buying an additional 114 shares during the period. Vestor Capital LLC raised its position in Nestlé by 242.9% during the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after buying an additional 945 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in Nestlé during the 1st quarter valued at approximately $220,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Nestlé in the 4th quarter valued at $241,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Nestlé presently has a consensus rating of “Hold”.

Nestlé Trading Up 1.6 %

Shares of OTCMKTS NSRGY traded up $1.63 during trading on Tuesday, hitting $106.60. The company had a trading volume of 769,597 shares, compared to its average volume of 471,143. Nestlé S.A. has a fifty-two week low of $99.04 and a fifty-two week high of $125.41. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $104.85 and a two-hundred day simple moving average of $106.53.

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.