Saybrook Capital NC Raises Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Saybrook Capital NC increased its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 11.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 63,401 shares of the company’s stock after purchasing an additional 6,742 shares during the period. Nestlé makes up about 1.8% of Saybrook Capital NC’s portfolio, making the stock its 17th biggest position. Saybrook Capital NC’s holdings in Nestlé were worth $6,383,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new position in shares of Nestlé in the 2nd quarter valued at approximately $134,000. Front Row Advisors LLC lifted its stake in shares of Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after buying an additional 1,888 shares during the period. GAMMA Investing LLC increased its position in shares of Nestlé by 61.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after acquiring an additional 949 shares during the period. Lee Danner & Bass Inc. purchased a new position in Nestlé in the 2nd quarter worth $262,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in Nestlé during the 2nd quarter worth about $265,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

NSRGY has been the subject of a number of research reports. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Barclays reaffirmed an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Finally, Berenberg Bank cut shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nestlé Price Performance

Nestlé stock opened at $95.61 on Wednesday. The company’s fifty day moving average price is $101.01 and its 200 day moving average price is $102.74. Nestlé S.A. has a 1 year low of $95.51 and a 1 year high of $117.55.

Nestlé Company 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.